NYC PROPERTY TAXES AGAIN FRONT AND CENTER

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NYC PROPERTY TAXES AGAIN FRONT AND CENTER

ADVISORY COMMISSION HEARINGS ON PRELIMINARY REPORT
The Advisory Commission on Property Tax Reform appointed in 2018 by the Mayor and the City Council that issued its Preliminary Report on January 31, 2020, has announced the reopening of its 5-borough hearings on that report which had been postponed by the Covid-19 pandemic. Virtual hearings will be scheduled for all boroughs for comments on the 10 recommendations in the Preliminary Report, specifically whether they would achieve the goals of a fairer system, would be improved by certain modifications, or should be enhanced with additional recommendations. Presently scheduled are sessions for New Yorkers in 
                Staten Island at 6 PM on Tuesday, May 11th 
                Brooklyn at 6 PM on Thursday, May 27th 
Anyone wishing to testify must register no later than 24 hours in advance on the Commission’s website
It is important that home owners in cooperatives and condominiums participate in these hearings with specific comments on the recommendations in the report. 

At the May 5 meeting of the Action Committee for Reasonable Real Estate Taxes the recommendations in the Advisory Commission Report will be discussed. 

ASSEMBLY MEMBER DAN QUART INTRODUCES ABATEMENT EXTENDER 
Legislation to extend the Property Tax Abatement program for qualifying home owners in New York City cooperatives and condominiums for two years in its present form has been introduced in the Assembly by Dan Quart (A.7126). CNYC strongly supports this legislation, while still requesting for a longer extender. Please encourage your Albany representatives to support this vital extender.

See flyer below (PDF)