Latest / New York City News Today | 2 Min News | The Daily News Now!
NYC’s New Tax Hits Longtime Residents | New York City News
New York City’s new luxury property tax is sparking outrage as it targets high-value homes — but long-time residents are getting caught in the crosshairs. A retired teacher who’s lived in his Park Slope home since 1973 is among those receiving notices demanding proof they live there year-round, or face a $41,000 tax hike. The city says it’s following state law and using a public property roll, but critics call the rollout sloppy — with homes below the $5M threshold appearing on lists, causing confusion and stress. Governor Hochul backs the tax to close the budget gap, but the backlash raises…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.