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 ...
Thanks,that explains it-——I was taken aback by how low it was.
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Okay, so riddle me this: how is it possible to own a home worth $1.7 million and pay less than 1% tax?
Not just less than 1% but, in fact, he pays only .002%(3600÷1,700,000).
That ain’t right...
The only problem here is Mr Russell does not understand how communism works.
I’m in FL and my home’s taxable assessed value is $586K and my property taxes this past year were $10,183.
“There are probably more votes in the area where the streets were repaved!”
They’ll be paving the cemeteries next...
Was all of that was from your county’s property tax or did it include other taxing agencies? For example my tax bill includes levies from the Florida Inland Navigation District and the Children Services Council and Street Lighting District. It also makes a difference if you claim homestead exemption. The largest portion of our property tax bill is for the schools.
It would be interesting, to see the total tax burden people have in different places.
For example, we see NYC property taxes are actually lower than many places, but, they have a city income tax, which most places don’t have. So do New Yorkers pay more taxes than other places, when you take those differences into account?
California’s property taxes are capped due to Proposition 13 at 1% of market value, plus an increase of up to 2% per year if real estate values go up. Which is a lower rate than many places. Yet California is a high tax state, due mainly to high state income taxes on high income earners, plus high gas taxes.
I don’t know if anyone has ever done a study of total tax burdens in different places, but it would be interesting to see.
New York has rent control, and apparently tax control.
DeBlasio has tax control properties. /s
I’m in San Diego, and my property taxes are about $3100 on an assessed value of about $295,000. Yet the market value of my house is a bit over $500,000.
This is an important point on property taxes, namely, what is the assessed value, vs. what is the actual market value of a property.
That’s good research. I like to use the Left’s arguments against them. I would ask Mr. Russell why whites have such higher housing expenses.
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.
Not too complicated to see what has happened.
Park Slope is gentrified. Housing prices have gone up dramatically. Prices in Laurelton have stagnated as it has become a less desirable place to live.
All of this has happened while the real estate tax rates haven't been reassessed.
Thus the discrepancy.
I will also add that when real estate properties are assessed, it's the white and rich areas that are progressively assessed the highest tax rates. And why should that be. Real Estate tax rates should be based on size of property and size of house and not the value of the house and property. Anything short of that favors the poor and non-white.
Well the mayor’s wife is black, so I would guess this has more to do with the tons of taxes collected from big business in a metro area subsidizing residential taxpayers there.
I was surprised when I lived in NC for a period of time that NC has a expensive property tax on cars, while NYS doesn't have any.
Taxes on a $1.6 million home here would be between $45,000 and $50,000 a year, and no there is not an extra 0 on those figures.
Oh north shore Denizen with 1700 square feet and a postage stamp backyard pays 17,000.00 per year. Heck I pay more per year in Texas tha deblasio does. And more than the made up guy that supposedly pays too much I don’t know who’s buying this bogus story
The save our homes of 1993 caps the increase on a homestead at 3%. Florida has no state income tax and never will. If a politician even suggested it would be suicide. Would you vote yourself another tax?
It’s not possible. It’s a bogus story
Even in Ohio property taxes are about 2-2.5% of the property's value every year. Arthur Russell, in the example given in the article, pays about half that and the mayor pays about a quarter percent.
Hidden deep in the article: The inequities for homeowners, he said, are created by rules that cap increases to assessments at 6% per year and no more than 20% within five years.
First build up the outrage (and I admit I fell for it), then sneak in the reason. This is like building up outrage about California property taxes without mentioning Prop 13 which limited tax increases. If the writer were honest this would have been in the second or third paragraph with more examples following.
I found this interesting:
“Up in the middle-class Spencer Estates in the Bronx, retired NYPD Detective Victor DiPierro, 49, paid $1,700 in taxes in 2003, the year he bought a two-story single-family home the city says is worth $512,000. Today he pays $6,141 — nearly twice what the mayor pays on his $1.5 million row house.
“It’s just not fair. We’re blue collar people. We’re not millionaires,”
Just a regular ‘blue collar’ 49 year old retiree...government retirements will be what finally bankrupts us all.
The entire article leaves out the assessment rates and concentrates entirely on valuation...its as if the author has no clue how property taxes work.
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