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Now is the time to attack this tax: New York City's insane property levy system is long overdue for reform


Added 10-17-19 05:13:01am EST - “Mayor de Blasio can add a huge, meaningful accomplishment to his final years in office by straightening out the unholy mess of New York's property tax system ?" a thorny problem that the last four mayors avoided.” - Nydailynews.com

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Posted By TheNewsCommenter: From Nydailynews.com: “Now is the time to attack this tax: New York City’s insane property levy system is long overdue for reform”. Below is an excerpt from the article.

Mayor de Blasio can add a huge, meaningful accomplishment to his final years in office by straightening out the unholy mess of New York’s property tax system — a thorny problem that the last four mayors avoided.

Like it or not — and the mayor’s critics hate hearing this — Bill de Blasio has already made significant, measurable progress in supporting middle-class families and putting a dent in poverty. The administration recently pointed to numbers compiled by the federal Census Bureau showing that median household income in New York City has grown by $7,501 during the de Blasio years, from $56,298 a year in 2013 to $63,799 in 2018, which is a 13% increase.

At the same time, the percentage of New York households that meet the federal definition of poverty decreased from 20.9% in 2013 to 17.3% in 2018, a 3.6-percentage-point drop.

“You know, for our city now to have the lowest poverty [rate] we’ve had in about 40 years is something really to celebrate,” the mayor told me. “There’s no ‘mission accomplished’ here. We have a huge amount of work to do. But it’s gratifying to see that these strategies actually add up.”

There are plenty of asterisks next to de Blasio’s achievement, such as the record-high number of people in homeless shelters. But much of the improvement is no mystery.

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