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.
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?
The only problem here is Mr Russell does not understand how communism works.
New York has rent control, and apparently tax control.
DeBlasio has tax control properties. /s
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.
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
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.
NYC or any other US city doesn’t tax based on race.