Why NYC Property Tax Reform Is Dead (Yonkers: 2015, homes)

[BugsyPal]

For those constantly asking about NYC's property tax system, a primer of sorts.

Why Effort to Reform NYC Property Taxes Has Stalled | City Limits

[bg7]

If the property tax system was fixed so that NYC homeowners pay even a third of what suburban homes pay in school taxes (not the village/town part of the taxes, just the school district parts) then NYC schools could have a huge $$$ infusion

[Iching]

Originally Posted by bg7

If the property tax system was fixed so that NYC homeowners pay even a third of what suburban homes pay in school taxes (not the village/town part of the taxes, just the school district parts) then NYC schools could have a huge $$$ infusion

The money would get wasted by incompetent public officials on pensions. Yonkers is the prime example.

[BBMW]

Given how NYC resident pay the highest income taxes in the country, jacking up the property taxes would just give people more of a reason to leave.

Originally Posted by bg7

If the property tax system was fixed so that NYC homeowners pay even a third of what suburban homes pay in school taxes (not the village/town part of the taxes, just the school district parts) then NYC schools could have a huge $$$ infusion