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    City Council Intends to Aid Property Owners with Two Tax Deferment Bills

    City Council  •  Property Taxes  •  Citywide

    Public Advocate Jumaane Williams Image Credit: NYC City Council

    Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, Committee on Finance public hearing.

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    Tags : Andrew Cuomo, Council Member Margaret Chin, COVID-19, Department of Finance, Governor Andrew Cuomo, property tax, Public Advocate Jumaane Williams, Small Business Relief
    Date: 06/24/2020
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