New York City Business And Civic Leaders Are Now Pushing For Property Tax Relief

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A broad coalition of New York City leaders are calling on the mayor to freeze property taxes.

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A broad coalition of city leaders, from business to civic groups, is urging Mayor Bill de Blasio to put a freeze on property tax bills and provide relief for property owners who are struggling with their payments amidst the COVID-19 pandemic.
A joint statement was issued today by the Real Estate Board of New York, the city’s real estate trade group, as well as the NAACP NYS Conference, the Council of New York Cooperatives and Condominiums, the Hospitality Alliance, the Hotel Association of New York Ctity, the Building Owners and Managers Association and the Brooklyn and Queens chambers of commerce.
The groups are asking the mayor to freeze property tax rates and assessments so that tax bills do not increase, reduce interest penalties from 18% to 3% and allow property owners to pay their taxes on monthly payment plans.

“As commercial and residential rent collections continue to decline, we need responsible policies that support property owners who continue to pay property taxes that support vital government services while grappling with mortgages, maintaining payroll and covering increased building maintenance expenses,” said James Whelan, president of …

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