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I don't think property tax 'rate' went down, its just assessed home values.
Did you not read any of linked articles?
"The City of New York has finalized the real estate tax rates for tax year 2021/22, which began July 1, 2021, and will end June 30, 2022. The rate for Class 2 residential properties is down, while the rate for Class 4 nonresidential properties (i.e., commercial) is up.
The following is a comparison of the annualized tax rates for tax years 2020/21 and 2021/22:"
Is there any other meaning of above than actual rates were adjusted?
Bad news is these decreases in taxes reflect dropping of assessed values.
Tax assessments for 2021/22 declined by their largest margin in > 25 years due to effects of covid-19. Overall city properties took a hit in market value of 5.2%.
Keep on top of things? I keep on top of them by checking the bill online. There is nothing that could be done about the rate by keeping “on top of things”. It has to be paid regardless of when you see the new rate.
The assessed value of my home (Class 1) went up after covid on the most recent statement of property value as the estimated market value went up over 10%. I don’t know about class 3 and 4 properties but most private home values went up after covid.
Keep on top of things? I keep on top of them by checking the bill online. There is nothing that could be done about the rate by keeping “on top of things”. It has to be paid regardless of when you see the new rate.
The assessed value of my home (Class 1) went up after covid on the most recent statement of property value as the estimated market value went up over 10%. I don’t know about class 3 and 4 properties but most private home values went up after covid.
Quite the profound statement
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Let's see if any of the MAGA types here (oh God...SOOO MANY) give De Blasio credit for the 5% tax reduction.) Lord knows, if they went UP by 5%, he would be loudly pilloried.
BTW,
homes are re-assessed when the city does a Reval, which has not been done.
Let's see if any of the MAGA types here (oh God...SOOO MANY) give De Blasio credit for the 5% tax reduction.) Lord knows, if they went UP by 5%, he would be loudly pilloried.
BTW,
homes are re-assessed when the city does a Reval, which has not been done.
ppl complaining about taxes have to reassess their budget, because taxes are never going away
Our friend martin just sees his bill and pays it
Food for thought
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
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