The city’s hot real estate market led to a whopping 9% hike on assessed property values, which will likely force some homeowners to fork over more in taxes.
The Finance Department released its preliminary tax assessments on Thursday, with most of the nearly double-digit growth the result of strong real estate sales.
Another 2% was attributed to new construction — which includes a Bronx boom.
The city uses the assessment numbers to gauge how much people will pay in taxes.
According to the city’s estimates, market values on class 1 properties — primarily one, two and three family homes — rose 7%.
Market values on condo and cooperatives went up by 11%, according to the department.
17 comments:
Make your check payable too? Lol
Of course nyc residents get screwed again!!
Time that your rep on city council gets that august body of luminaries (that your taxes fund) move to roll back tax breaks (to their campaign donors) in real estate.
NYC home owners are lucky that they don't get soaked on property tax as much as Long Island residents. Their tax rates are many multiples those of NYC.
I look forward to the next article on the stats of people leaving n.y., this must be the 59th story of the past week on the cost of owning a home or renting an apartment
so will the son of the liberal lion give a little bit to help, or does he still think,like the past govs,that the 5 boros aren't part of this state.
Hey, they need the tax revenue. Suck it up! They need the money to open homeless shelters, free education for all illegals, free healthcare, etc. Let's not forget the free ID cards, so they can get additional services. Don't you know these things cost money? That's what the taxpayers are for. Politicians promise them the world, but pay the bill with our tax dollars. That's why our taxes increase every year.
Anonymous said...
Hey, they need the tax revenue. Suck it up! They need the money to open homeless shelters, free education for all illegals, free healthcare, etc. Let's not forget the free ID cards, so they can get additional services. Don't you know these things cost money? That's what the taxpayers are for. Politicians promise them the world, but pay the bill with our tax dollars. That's why our taxes increase every year.
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Well said!!!
The liberals like to say that taxes are the price of civilization. To that I say, f-u. Fact is, taxes are government theft. We are NOT a free people in America. Sickening. Cost of living in this city is reaching impossible proportions. I live in a Single family residence and all I see is costs rising every year. I am not selling so higher assessments do not help me...only hurt.
Thank You Sir,may I have anotherđź’˛
Councilman Paul Vallone...if my property taxes are going to skyrocket ...can I apply for an NYC Vaseline allotment or KY relief? Or, being an expert in screwing your district, how about suggesting a comfortable position to lessen the hurt. We know that Broadway Flushing is about to get reamed.
Time to dedicate a room in my home for religious studies...a small sanctuary...skirt the parking requirement...and cut my taxes. If you want to profit from increasing my taxes, then maybe I can become a not for profit...within the bounds of zoning regulations. Imagine me...Dave Davey, Doctor of Divinity.
I been told you can apply to the Department of Health and Human Services (HHS) to take in a undocumented family unit. If your application is granted you can get instant "protections" & variances for illegal conversions plus a huge tax break on property, water bills etc.
They are expecting millions to rush the southern border in spring.
Is this possible the feds can ram this down our throats via taxation blackmail ?
Anonymous said... "Broadway Flushing is about to get reamed."
I feel the same way. Just look at the surrounding neighborhoods and you can see what is installed.
If you can pry Don Paulo Vallone away from one of his kids soccer games he might attend a BFHA meeting and help out a bit. Uh...never mind...what does he do when he does show up anyway but strike Mussolini like poses and act as dumb as usual. Il Duce is il douche bag without brains.
Until the people say Enough it won't stop and it may be to late for that,taxpayers are almost out numbered by those your Cash support's
The "GIMMEDATS" are a political force that can't be beat,NY is Lost.
The SPONGE PARTY is in Control.
Their tax rates are many multiples those of NYC.
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And out there, you have elementary schools with sports training fields that rival most colleges, and cops that get 200k to write speeding tickets all day.
if thats what you get for your money, no thanks.
All the home owners stop complaining. You should realize that queens home ownership is only for the chinese. They will convert your home into a multiple dwelling and rent it to illegal's at 2g's a pop. Get your 700g's for your house while you can, the market WILL crash!
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