Yet another fine example of what's wrong with NYC...
Quote:
On Autumn Ave. in working class Cypress Hills sits a modest $462,000 brick two-family home with a postage-stamp sized front yard and a warning sign, “These Premises Protected by Video Surveillance.”The owner pays $6,919 in property taxes.
Six miles away on Fourth St. on one of upscale Park Slope’s most exclusive blocks sits an impressive $2.5 million four-story brownstone with a lush backyard garden, four bedrooms and three baths.
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Read more: New York City property tax system favors the rich, hits lower classes harder, News investigation finds - NY Daily News
Clearly something is wrong with this picture. How is it possible that a person who owns a 2.5 million dollar home pays less property taxes than someone who owns a 462K home in Brooklyn? Something is clearly wrong with this picture.
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