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 Contact Us  Tax Commission  NYC Gov 2020

Tc309 21 Instructions 2020-2025 Form

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with regards to the property taxes that we were discussing here today and I add my voice to those of my colleagues that when we talk about the increase in spending that the city has put forth from seventy billion dollars roughly in the last year of Mayor Bloomberg - now we're looking at over eighty eight billion dollars that's putting a tremendous burden on property taxes and as you know 1/3 roughly of the city's revenue comes from that but to highlight some of the inequities happen to bring my property tax bill they happen to bring yours as well how convenient you have to have exhibits right mine $559,000 home I pay roughly fifty four hundred dollars in property taxes you have a 1.6 million dollar home you pay roughly thirty five hundred dollars in property taxes so I am paying you know two thousand dollars more for a home that's valued at about a third and that is really what this issue is about it's the inequity of the effective tax rate where

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