Advisory commission will conduct comprehensive review of property tax system. On May 31, 2018, Mayor De Blasio announced the formation of an advisory commission to develop recommendations to reform the City’s property tax system. The reform aims to make the property tax system simpler, clearer, and fairer, as well as ensure that there is no reduction in revenue used to fund essential City services. The property tax system has not had an in-depth review by … <Read More>
Search Results for: Property Tax
City Authorizes One-Time Tax Rebate for Homeowners
Homeowners of a one, two, or three family residence are now eligible for a $150 tax rebate. On August 24, 2022, Mayor Adams signed Local Law 82 into law. The bill authorizes a one-time property tax rebate up to $150 to hundreds of thousands of eligible New York homeowners. The bill was introduced (Intro 600) and voted on by the City Council in early August, passing by a unanimous vote following a public hearing.
The City’s Tax Lien Sale Now Delayed Until Late September
Governor Cuomo signs executive order to delay tax lien sale. On September 4, 2020, New York City Mayor Bill de Blasio announced a delay of the City’s annual tax lien and water lien sale. The sale which was originally scheduled for May 2020 and was postponed to September 4, 2020, as a result of the COVID-19 pandemic, will now take place on September 25, 2020. The announcement comes after New York Governor Andrew Cuomo signed … <Read More>
Mayor Reveals Task Force Recommendations to Convert Underused Office Space to Housing
On January 9, 2023, Mayor Eric Adams announced a set of recommendations from the Office Adaptive Reuse Task Force for changes to state laws and city zoning requirements to make it easier for the conversion of underused office space to housing. The COVID-19 pandemic transformed how many companies operate, transitioning to work-from-home or hybrid structures that require less office space, while the city experiences an ongoing affordable housing crisis.
Mayor Reappoints Landmarks Chair Sarah Carroll and Nominates Anthony Crowell and Gail Benjamin to City Planning
Sarah Carroll will serve an additional seven years at Landmarks, while Gail Benjamin and NYLS Dean Anthony Crowell will join City Planning for five years. On August 5, 2022, Mayor Eric Adams nominated Sarah Carroll to continue as Chair of Landmarks Preservation Commission and nominated Gail Benjamin and Anthony Crowell to the City Planning Commission. Landmarks commissioners serve seven-year terms, while City Planning commissioners serve for five years.
De Blasio Administration Expands Benefits of Rent Freeze Programs
The Housing Stability and Tenant Protection Act makes it possible to freeze rents at preferential rates for qualifying New Yorkers. On September 18, 2019, the de Blasio administration released guidance regarding renter rights under the Housing Stability and Tenant Protection Act. This guidance will allow New Yorkers who pay preferential rents in rent stabilized apartments to benefit from the City’s Rent Freeze Programs.