Councilmember Treyger to introduce property tax rebate resolution
If one local elected official has his way, homeowners will feel the bite of property taxes less painfully than they might have.
Coney Island Councilmember Mark Treyger paired up with Bronx Councilmember James Vacca last month to pen a home rule resolution calling on the state – which must authorize such a change — not only to renew the tax rebate for New York City home, condo and co-op owners in effect from 2004 through 2009, but also to up it from $400 to $500.
“We need to have a very clear and bold middle class agenda for New York City,” said Treyger stressing that increase in rebates would add up to approximately $300 million dollars – a small fraction of the city’s more-than-$70 billion budget, but a big deal for the homeowners receiving them.