From the Daily News:
Jim Feasel is a retired NYPD detective, an expert in figuring out who did it and why.
But now there’s a problem in his personal life that he can’t solve and he feels handcuffed.
“How did the city’s appraised value of my home go up $75,000 last year... when property values went down 10% or more?” bellowed Feasel, who owns a two-family home in Woodside, Queens.
Along with thousands of other middle-class New Yorkers, Feasel is feeling the big squeeze — what happens when taxes and fees go up while income stays flat and investments and property values fall.
Property taxes are just part of the pinch. Water and sewer charges were hiked 14.5% last July 1 and will go up another 12.9% this July 1. Fares, tolls, utilities and property assessments are all higher.