De Blasio promises property tax reform

New York Weekend Edition /
Jul.July 15, 2017 01:00 PM

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

arrow_forward_ios
Douglas Elliman CEO Dottie Herman on FOX
Elliman CEO: ‘People are afraid to walk in NYC’
Elliman CEO: ‘People are afraid to walk in NYC’
Village Preservation executive director Andrew Berman (iStock, Village Preservation)
Manhattan CB2 votes against Soho/Noho rezoning
Manhattan CB2 votes against Soho/Noho rezoning
Soho’s zoning madness, such as artists-only lofts and a ban on ground-floor retail, may finally change with a proposed rezoning.
The shopping district that banned retail: Soho’s incoherent zoning
The shopping district that banned retail: Soho’s incoherent zoning
Gov. Andrew Cuomo (Getty, iStock)
Cuomo vows to speed rent relief after pressure from Schumer
Cuomo vows to speed rent relief after pressure from Schumer
Eric Adams (Getty, iStock)
City program could supplement state rent relief — if next mayor signs off
City program could supplement state rent relief — if next mayor signs off
Pandemic could cut assessed property values by 10%
Pandemic could cut assessed property values by 10%
Pandemic could cut assessed property values by 10%
Lexington Hotel at 511 Lexington Avenue (Google Maps)
NYC hotels getting busier, but still struggling
NYC hotels getting busier, but still struggling
The tenants who won the affordable housing lottery at 15 Hudson Yards say the units are in an “entirely separate part of the building and with a different address.” (Hudson Yards, District Court of New York)
Lawsuit claims 15 Hudson Yards discriminates with “poor doors”
Lawsuit claims 15 Hudson Yards discriminates with “poor doors”
arrow_forward_ios

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

Loading...