Bloomberg Tax
Aug. 5, 2020, 8:46 AM

Pandemic Disruption Waylays NYC Property Tax Reform Project

John Herzfeld
John Herzfeld
Staff Correspondent

One of the first New York City public events shut down in the coronavirus emergency was an advisory panel’s opening hearing on long-awaited preliminary recommendations to reform the city’s property tax system.

Nearly five months later, a fiscal crisis from the pandemic’s economic impact has monopolized the attention of elected officials and further delayed the prospective property tax relief for low- and middle-income neighborhoods that the panel was assigned to explore. That means changes in the widely criticized system aren’t coming anytime soon.

The work of the New York City Advisory Commission on Property Tax Reform remains at a standstill, ...

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