New York's higher property taxes are going to take a bite out of your wallet - even if you don't own property.
State regulators Tuesday let Con Edison hike electric rates by 6.1%, with more than half the $721 million increase due to higher property taxes and assessments.
At the same time, the Rent Guidelines Board released its new study of landlords' operating costs, which said the biggest single factor was an 11.7% property tax jump.
New York raised property taxes 7.5% at the start of the year to help balance its budget.
The city also raised the assessed value of property to take into account the real estate boom.
Don't own property? City's new property taxes will still cost you; Con Edison allowed to hike rates
Wow, now we know why so many homeless people will be added in the future....Who on earth is in charge over there!
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