De Blasio promises property tax reform

Jul.July 15, 2017 01:00 PM

Mayor Bill de Blasio (Credit: Getty Images)

The city’s property tax system is unfair, and if re-elected, he’d fix it, Mayor Bill de Blasio said Friday.

“I’ve said very clearly, this administration has moved a host of initiatives, and now it’s time for us to focus on this very big complicated issue of property tax,” de Blasio told WNYC. “And if the people continue me [sic] in office in November, we’re going to put together a process to reform our property tax system. It will be a very complicated process, it will probably take several years, but it will result in laws I will propose at both the city and state level to create more fairness and consistency in the property tax system and much more transparency.”

De Blasio’s comments echo many previous commitments from his administration to reform the city’s “arcane” property tax system. However, he has not given a specific timeline, according to the New York Post. It appears that he plans to make tax reform a primary issue for his re-election campaign. [NYP]Christopher Cameron


Related Articles

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

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

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Senator Brad Hoylman and Billionaires' Row (Credit: StreetEasy, NY Senate)

Pied-à-terre tax to make a return in Albany, lawmakers say

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

Jimmy Van Bramer (Credit:, iStock)

After failing to meet his own deadline, Queens council member returns thousands in real estate donations