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Mamdani heading towards raising property taxes

Started by inonada
about 2 hours ago
Posts: 7955
Member since: Oct 2008
Discussion about
https://www.wsj.com/us-news/mamdani-warns-of-nearly-10-property-tax-boost-if-no-tax-on-wealthy-635658e9?st=ma3o7B&reflink=desktopwebshare_permalink
Response by 300_mercer
about 1 hour ago
Posts: 10579
Member since: Feb 2007

He wants rent freeze, increase the cost to rent regulated owners, and wants govt takeover when the value goes to zero. Perhaps he will carve out rent regulated owners from property tax rate increases.

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Response by 911turbo
about 1 hour ago
Posts: 295
Member since: Oct 2011

Is anybody really surprised?

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Response by 300_mercer
about 1 hour ago
Posts: 10579
Member since: Feb 2007

I am but only a little as property tax rate rate increase hits every one including NYC middle class (call it less than $250k income) if they own. And he ran for them. Perhaps he will have carve out for lower assessment / market value properties or incomes.

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