The Real Deal New York

De Blasio promises property tax reform

July 15, 2017 01:00PM

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