Property tax relief.....finally we hope

Alas, it doesn't affect the irrational disparity in NYC between new dev & prewar, co-ops & condos, single-family and multifamily. Until it does it will be a giant sucking sound of money out of Manhattan and into the hinterland, like Long Island City.

HAHAHAHA!

Wait! Hinterland is too poetic a word for Long Island City. Let's just call it what it is: hellhole.

Not as good as hoped- was supposed to be permanent and not exclude the portion of the teacher's pensions. This one is only good for 5 years.

The cap is meaningless. There is literally a list of exemptions the length of a phone book. From what I see, the tax cap that was just enacted in NJ is much stronger. The NY one seems quite weak.

We need a federal government program to have New Jersey subsidize New York's property tax cap.

> Not as good as hoped- was supposed to be permanent and not exclude the portion of the teacher's pensions. This one is only good for 5 years.

yep, imho the funds for the unfunded public pensions will more likely come from higher property taxes than from taxes on income