Malliotakis says she’ll freeze property taxes if elected

Republican mayoral candidate would also impose cap of 2% or less for rest of term

TRD New York /
Nov.November 06, 2017 04:40 PM

Nicole Malliotakis (Credit: Nicole Malliotakis for mayor)

Property taxes will stay right where they are if Nicole Malliotakis wins the 2017 mayoral election.

The Staten Island Assembly member promised on Monday that she would freeze property taxes if elected during her first year and then put a 2 percent or less cap on them during the rest of her term, according to the New York Post.

The city has not increased the property tax rate under Mayor Bill de Blasio, but it has collected additional funds from the tax every year while assessments go up. The mayor said in 2014 that property tax reform was a priority for his administration but backtracked over the summer, saying he now planned to focus on it during his second term if reelected.

Malliotakis has previously attacked de Blasio for mismanaging NYCHA, which she called the city’s “biggest slumlord.” She became the leading GOP candidate and nominee after real estate executive Paul Massey dropped out of the race this summer  but is widely seen as a long shot to defeat de Blasio in the upcoming election. [NYP] Eddie Small


Related Articles

arrow_forward_ios
From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Mayor Bill de Blasi0, a rendering of Halletts Point, and Douglas Durst (Credit: Getty Images, Durst)

Feud with de Blasio pushes Durst to shelve Halletts Point

Mayor Bill de Blasio and subway damage caused by Hurricane Sandy (Credit: Getty Images)

Program to rebuild Sandy-damaged homes needs extra $92M

State Sen. Julia Salazar and Assembly member Harvey Epstein proposed the tax this month in an effort to disincentivize real estate speculation (Credit: iStock, Getty Images)

Experts take issue with proposed tax on mezzanine loans

John Catsimatidis

John Catsimatidis on why he should be mayor

State Senator Julia Salazar and Assemblymember Harvey Epstein (Credit: Getty Images)

Pols take aim at private equity with plan to tax mezz debt

From left: Deputy Mayor of Housing and Economic Development Vicki Been, Sen. Brian Kavanagh (inset), Brooklyn Borough President Eric Adams, State Division of Homes and Community Renewal Commissioner Ruthanne Visnauskas (inset), Council member Keith Powers, with Governor Andrew Cuomo and Mayor Bill de Blasio (background) (Credit: Anuja Shakya, Getty Images)

Politico shows and no-shows: What public officials attended the REBNY gala?

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

arrow_forward_ios
Loading...