De Blasio, Lhota pay less in property taxes than many

TRD 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
Melania La Rocca

Buildings commissioner talks priorities in final de Blasio years

WeWork layoffs loom, de Blasio is skeptical of commercial rent control

WeWork layoffs loom, de Blasio is skeptical of commercial rent control

When Bill de Blasio announced the end of his campaign, the industry reacted largely with relief but not surprise (Credit: Getty Images and Pixabay)

De Blasio’s campaign is dead, and real estate is happy

Reverend Al Sharpton and 1215 Fulton Street (Credit: Getty Images and Google Maps)

Historic Slave Theater site will soon be co-living property

Gary Barnett says luxury market is crowded, WeWork IPO woes continue: Daily Digest

Gary Barnett says luxury market is crowded, WeWork IPO woes continue: Daily Digest

The blackout impacted a 42-block stretch of Manhattan between the Hudson River and Fifth Avenue (Credit: Getty Images)

Con Ed still searching for answers in Manhattan blackout

Bedford-Stuyvesant homes (Credit: Wikipedia)

Seller’s remorse: Bed-Stuy family claims they were duped into selling home at far below its value

Mayor Bill de Blasio and Rikers Island (Credit: Getty Images)

Real estate development not coming to Rikers Island, mayor says

arrow_forward_ios