NYC Homeowner Coalition Raises Alarm About Property Tax Hike

A coalition of homeowners, renters, and social justice organizations Tuesday objected to a decision by the New York City Council to raise property taxes nearly 7%.

Council members voted Monday to adopt a $101 billion fiscal 2023 budget, which included the tax increase although it also provided a $90 million property tax rebate for working- and middle-class homeowners.

“This year’s budget includes a $2.2 billion increase in the property tax levy, which means most taxpayers will see an increase in their taxes,” said Martha Stark, policy director for Tax Equity Now New York.

As part of its budget ...