De Blasio, Lhota pay less in property taxes than many

New York /
Sep.September 30, 2013 01:55 PM

As property taxes continue to climb in the city, mayoral hopefuls Bill de Blasio and Joe Lhota both pay less for their upscale digs than many homeowners.

De Blasio owns a pair of two-family homes on 11th Street in Park Slope that are valued at more than $1.1 million apiece. He pays $2,900 in taxes for each home. Lhota owns a penthouse duplex at a Pierrepont Street co-op in Brooklyn Heights that asks $1.7 million on average for a unit. He pays $11,000 in taxes.

By comparison, owners of a $600,000 three-family home in Bedford-Stuyvesant, or a $540,000 two-family home in Canarsie, pay about $6,000. A condo in Harlem that sold for $329,000 has a property tax bill of more than $16,000, the New York Daily News reported.

De Blasio and Lhota have included reform of property tax inequities in their campaigns. No specific proposals have been provided. The Democratic nominee “will work to improve procedures at the Department of Finance to ensure that assessments are conducted frequently, fairly and transparently,” his spokesperson said. [NYDN]Mark Maurer


Related Articles

arrow_forward_ios
Lexington Hotel at 511 Lexington Avenue (Google Maps)
NYC hotels getting busier, but still struggling
NYC hotels getting busier, but still struggling
NYC Economic Development Corp. president Rachel Loeb and Yankees president Randy Levine (Getty, EDC, Google Maps)
Foul ball: Yankees, city point fingers as Bronx soccer stadium gets sidelined
Foul ball: Yankees, city point fingers as Bronx soccer stadium gets sidelined
Mayor Bill de Blasio and HPD Commissioner Louise Carroll (Getty, iStock)
Recovery budget throws homeowners a bone, skimps on tenant legal services
Recovery budget throws homeowners a bone, skimps on tenant legal services
Kathryn Garcia and Eric Adams (Getty)
Elections board withdraws count showing Adams’ lead over Garcia narrowing
Elections board withdraws count showing Adams’ lead over Garcia narrowing
From left: Andrew Yang, Maya Wiley, Eric Adams, Scott Stringer and Kathryn Garcia (Getty, iStock)
Eric Adams leads mayor’s race after initial ballot count
Eric Adams leads mayor’s race after initial ballot count
Dianne Morales
WATCH: Dianne Morales on what progressives want from real estate
WATCH: Dianne Morales on what progressives want from real estate
Eric Adams, Kathryn Garcia and Maya Wiley (Getty/iStock, Photo Illustration by Kevin Rebong for The Real Deal)
Real estate looks like a winner in mayor’s race
Real estate looks like a winner in mayor’s race
From left: Eric Adams, Andrew Yang, Maya Wiley and Scott Stringer (NBC/YouTube)
Mayoral hopefuls waver on Local Law 97
Mayoral hopefuls waver on Local Law 97
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...