One thought on “Policy Brief: NYC’s Looming Task of Property Tax Reform

  1. This is being sold to NYC’s renters as a way to lower their rents by lowering the property tax rate on apartment buildings. Keep dreaming.

    The relatively low property tax rate on class-1 properties help keep the home-owning middle-class in the city. Raise class-1 taxes to suburban rates and there is no longer an incentive for the middle-class to remain in the city. Suburban schools are better than NYC schools and the streets are cleaner out there too.

    This is nothing more than a war on class-1 property owners. A war which will be led by Bill deBlasio who publicly stated in New York Magazine that he doesn’t believe in private property rights –

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