Posted on 04/23/2017 8:38:16 AM PDT by Kid Shelleen
This year Mayor de Blasio will pay $3,581 in property taxes on each of two row houses he owns in ultra-gentrified Park Slope. The city says his properties are worth about $1.6 million apiece.
Some 14 miles away, in middle-class Laurelton, Queens, Arthur Russell, 66, who retired from computer sales, will pay a property tax bill that, at $4,569, is about 28% higher than the mayor’s — even though the city says his single-family home is worth 75% less than de Blasio’s properties, at $396,000.
(Excerpt) Read more at nydailynews.com ...
De Blasio is a slacker. He only owns two homes. Bernie Sanders owns 3 and I think the Clintons own around 7. I guess that is how trickle down entitlements work.
Why does an avowed socialist need two homes? Two multi-million dollar homes, no less.
Apparently, Mr. Russell doesn’t care and feel as much as hizonor.......You people elected him. What did you expeck?
My sister owns a half million dollar house, which is not a palace in Tampa. The taxes are about six thousand a year. The neighborhood receives nothing back for their yearly payments. The streets are cracked and broken. Oddly, a few of the lesser neighborhoods, where the city would be lucky to collect taxes at all, have been recently repaved.
Compare this to property taxes in New Jersey...
Folks in a certain part of my Upstate NY neck of the woods are paying between $6,000 to $10,000 on homes between $150,000 and $225,000. And it’s a big reason why some homes for sale aren’t moving.
My property taxes are about $4,100, and soon to go up, on a house probably valued at about $320,000.
I’m sure the NYC tax policy favors the rich but its not like non-whites can’t live there if they have the money. Bringing race into this is just kinda silly.
[Why does an avowed socialist need two homes?]
It’s almost hilarious how idiotic SJW’s support people like this. Michael Moore, Al Gore, Leonardo DiCaprio.
ALMOST hilarious except all the damage caused by this scam-artists.
It is easy for commies to justify living like kings while peasants starve.
My God,I didn’t know NYC property taxes were that low———and I’m not joking.
There are probably more votes in the area where the streets were repaved!
We live north of there in Fl and the taxs seem about the same. Properties in FL are assessed at last sales price plus a small annual “inflation” increase. Tax rates unfortunately are not controlled by constitution in Fl for homeowners as in some other states. All in all with no income tax it works well. I am sure though some will try to overturn this someday.
s/b caused by THESE scam-artists
(I gave examples who SJW’s look up to but the list is much longer, of course)
Solution: A tax increase of, oh, say 300% for white males, no tax at all for women, minorities, muslims and all other darlings of the left.
Will that work for ya?
Sounds like some humongous gentrification tax break.
More fake news and frivolous lawsuit:
Here are tax rates in various counties in state of New York and in NY City:
County Median Home Value Average Effective Property Tax Rate
Monroe County Median home value: $136,000 Rate 3.07%
Montgomery Median home value: $101,200 Rate 3.04%
Nassau Median home value: $454,500 Rate 2.13%
New York Median home value: $828,100 Rate 0.80%
While many other taxes in NYC are quite high (like sales and income taxes), property taxes in the city are actually very low. The city’s mill rate on residential property is just 8.5 mills. That means the annual tax on a home with a market value of $400,000 would be about $3,400.
However, because of a number of property tax exemptions, many homeowners in New York City pay even lower rates than that. Among the exemptions available are the School Tax Relief (STAR) Exemption, the Senior Citizens Homeowners Exemption, the Veterans Exemption and the Disabled Homeowners Exemption.
Those exemptions all serve to lower assessed value, and, therefore, the property taxes paid. When taking those exemptions into account, effective property tax rates in NYC are often less than 0.8%. In Brooklyn for example (Kings County), the rate is just 0.6%, less than half the state average. In Manhattan (New York County), the rate is 0.8%. In Queens, the rate is 0.75%. The Bronx has the highest effective tax rate in New York City, at 0.83%.
It is also worth noting that New York City has a different assessment system than the one described above. The city has four classes of property. Residential, one- to three- family homes are class one. The assessment ratio for class one property is 6%. THE RATIO FOR OTHER CLASSES OF PROPERTY (COMMERCIAL AND APARTMENT BUILDINGS) IS 45%. That means that homeowners pay far lower property taxes in New York City than other types of property owners.
NOTE: So property taxes are mainly shifted onto commercial and apartment properties in New York City.
SOURCE:
https://smartasset.com/taxes/new-york-property-tax-calculator
Oh well. California took care of that with prop 13. The Left keeps trying to undo that too
How is it possible to own a home worth $1.6 million and the tax is only $3600?
NYC also has a city income tax and also adds its 4% to the state’s 4.85% sales tax. Surrounding jurisdictions, except for Yonkers which also has an income tax, rely solely on sales and property taxes. So their prop taxes are significantly higher, especially their school taxes.
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