Homeowners hope for property tax relief from reform commission
Property owners say the current structure overtaxes the middle class — and renters.
With the New York City Advisory Commission on Property Tax Reform continuing to recommend reforms to the city’s byzantine property tax system, homeowners are eagerly anticipating the findings of the blue-ribbon panel.
“Property taxes are too high. It’s ridiculous. And it’s not just homeowners that are getting hurt. It’s people who rent apartments, too. If the landlord has to pay higher property taxes, they raise the rent,” Bay Ridge homeowner June Johnson said.
“I can understand why people are leaving the city to go and live some place else. The city is becoming unaffordable,” Johnson added.