Nothing is Certain But...
Property taxes will rise for all residential and commercial properties for fiscal year 2011, which begins July 1, according to a tentative assessment released by the city’s Department of Finance on Friday. According to the city, the total market value of property in the city, including new construction rose 0.12% to $796 billion. New York…
I don’t think there are any city workers that wouldn’t be thrilled to have your 2009 salary.
IMBY, how long do those abatements typically last???
Here is a list (PDF) of all the new condos with 421-A tax abatements…
http://www.nyc.gov/html/dof/html/pdf/421a/brooklyn_421a.pdf
Your rent is going up hannible, face it.
rob, I’ve taken a huge paycut from what I earned in 2007!!!!
“Assessed values can continue to rise even if market values decline.” — Crain’s
Lag.
***Help Haiti***
Oh boo hoo the poor homeowners are getting robbed by the mean and cruel mayor who is taking all their hard earned cash they take from renters every month. Now that the city final asks the homeowners to pay a little moe and participate in the city’s finances it is whinning left and right you hear. Did anyone say a prayer for the renters? I didn’t think so.
Any of this increase earmarked for city schools? Friends in the burbs pay 11 grand more a year in local taxes than they did back in Brooklyn – and the schools are worth every penny. Yeah, if you have one kid you break even in the city with the private school tab… But there’s something to be said for keeping families, even larger ones, in the city.
quote:
Spending needs to be rigned in. All city workers should take a pay cut.
YOU need to take a paycut
*rob*
Definitely need to equalize the tax burden for houses/condos/co-ops, but gradually. With an increasing number of condos this may finally become politically feasible.