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Property Taxes

WNYC News

95% Property Tax Break Paid for by You, Enjoyed by Billionaires

Thursday, March 19, 2015

WNYC
The blue, steel residential tower on 57th street has given a property tax break a bad name.

Comments [8]

WNYC News

Is the Rent Too Damn High ... Because of Property Taxes?

Monday, June 16, 2014

New York City's property tax system is notoriously complicated. Now a lawsuit says it's also discriminatory.

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WNYC News

NY Property Taxes Violate Civil Rights Law, Says Lawsuit

Wednesday, February 26, 2014

WNYC

Do renters pay higher property tax than owners?

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WNYC News

Don't Miss Out, Sign Up! New Yorkers Risk Losing Property Tax Rebate

Tuesday, December 31, 2013

Homeowners must re-register for a property tax rebate or risk losing it in 2014.

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New Jersey News

Fight Brewing Between Towns and State Over Utilities’ Taxes

Monday, March 11, 2013

For years, Trenton has been diverting millions of dollars in local property payments due to municipalities from gas and electric utilities to close state budget gaps.

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WNYC News

City to Give Tax Extension for Storm-Hit Homes

Thursday, November 29, 2012

Homeowners hardest-hit by Hurricane Sandy may eligible for deferred tax payments as well as a possible rebate.

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WNYC News

NYC Property Tax Filing Needs Major Reform: Grand Jury Report

Wednesday, August 01, 2012

A state grand jury has found New York City's property tax system is compromised.

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The Brian Lehrer Show

The State of New York City's Housing and Neighborhoods

Monday, April 30, 2012

Vicki Been, director of the Furman Center for Real Estate and Urban Policy at NYU, discusses the center's tenth annual State of New York City’s Housing and Neighborhoods report, including findings on diversity, foreclosure rates and property tax distribution.

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It's A Free Country ®

Who Had the Better Week—Cuomo or Christie?

Friday, March 23, 2012

Cuomo ekes out a settlement on pension and redistricting reforms, while Chris Christie must be thrilled that he's got Democrats talking tax cuts.

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New Jersey News

New Jersey's Municipalities Feel the Pinch

Monday, January 23, 2012

For New Jersey's 566 municipalities, the next fiscal year could be one of the toughest yet.

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The Takeaway

Falling Home Values Hurt Property Tax Revenues for Local Governments

Tuesday, December 27, 2011

Local governments across the country are only now starting to feel the worst effects of the now five-year-old housing crisis. As property assessments finally start to reflect falling home values, local tax revenues will take a hit. However, many experts agree that this is only the beginning for these burgeoning deficits, as home values will continue to decline into 2012 and 2013. Where local governments can make up this difference remains unclear.

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The Brian Lehrer Show

Does New York Need a Property Tax Cap?

Friday, June 17, 2011

Governor Cuomo has proposed capping property tax growth at 2%. Heather Briccetti, acting president of the Business Council of New York State, discusses the bill, which the BCNYS supports.

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WNYC News

Skelos on Gay Marriage: If GOP Members Support It, They Can Vote for It

Monday, June 13, 2011

It's the final week of the New York State legislative session. With many major agreements still outstanding, including a property tax cap and gay marriage, the leader of the Senate says it will be an "exciting" one.

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The Brian Lehrer Show

Tax Cap for Rent Regs

Thursday, June 02, 2011

NYS Assembly Speaker (D-64th) Sheldon Silver talks about the deal to cap property taxes and renew rent regulations, plus other remaining items on the legislature's agenda.

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It's A Free Country ®

Tax Cap for Rent Regs

Thursday, June 02, 2011

Rent regulation and the property tax cap is about giving people certainty that they can afford to live in their homes... people can plan based on those issues.

NYS Assembly Speaker (D-64th) Sheldon Silver, on The Brian Lehrer Show.

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WNYC News

Financial 411: Weekly Business Roundup

Friday, May 27, 2011

Just what is Martha Stewart cooking up for her company?  And have the "snakebitten" Mets found their cure? We'll talk about deal season in New York City.

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WNYC News

Nearly 80 Percent of NJ School Districts Get Budgets Approved

Thursday, April 28, 2011

New Jersey voters approved nearly 80 percent of school district budgets in referendums throughout the state, according to a tally by the state school boards association.



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It's A Free Country ®

Property Tax Cap Leads to Stark Choice in New Jersey Town

Monday, April 25, 2011

If you want to whip an audience into a frenzy in New Jersey, bring up property taxes.

Within five minutes of greeting the crowd at a town hall last week, Governor Chris Christie landed on the surefire crowd-pleaser, taking credit early for the two-percent property tax cap he signed last July.

“People said it would work. Now the early returns are in,” Christie told a town hall in Jackson, New Jersey last week. Out of 566 towns in New Jersey, just 14 opted to ask voters to approve a higher rate. That’s the rightful place for the decision, he told the friendly audience at a retirement community in Jackson, New Jersey.   

“I want to put the power in your hands to make that decision, take it out of the hands of politicians that have screwed this up so badly over the past thirty years that we’re in the spot we’re in," he said.

Christie speech went on to chastise the "do-nothing" legislature, in contrast to his "reform agenda."

But the story is a little more complicated in Brick Township, along the Jersey Shore. It's one of the 14 towns asking for more than two percent higher taxes. It's asking residents to approve a budget that exceeds it by $8 million, the biggest increase of all the towns.

It’s a big ask, and the town is giving residents a stark choice: pay the higher taxes, or the town will stop collecting your trash.

The question goes right at the heart of the budget fights being fought in towns across the country. Resentful taxpayers feeling exploited and angry after year after year of increases, while the local unions have their backs up after Wisconsin and Governor Christie’s persistent hammering. A referendum vote on Wednesday is forcing residents to pick a side, and some feel boxed in by a cap that was supposed to lighten their load.

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It's A Free Country ®

Local Governments Nervously Watch Cost Shift from Albany

Wednesday, March 23, 2011

Governor Andrew Cuomo hung the responsibility of passing a budget squarely on the shoulders of lawmakers in a video message to New Yorkers on Wednesday. “Either the legislature will pass, or will fail to pass, the state budget that I have proposed,” Cuomo said in a video on his website. “The budget that I proposed does what you sent me here to do. It closes a $10 billion deficit with no new taxes.”

That’s no new taxes at the state level. But with cuts to municipal and county budgets in the offing, some of those costs may be passed straight to local property tax bills, which are already among the highest in the nation.

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It's A Free Country ®

More NJ Finger Pointing About High Taxes

Thursday, March 17, 2011

WNYC

The average tax bill for property owners in New Jersey went up $7,576 - or 4.1 percent - in 2010, despite Gov. Chris Christie promise to lower local taxes. 

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