Political ‘Bill’ Bound To Force Rent To Go Up
Rents are going to rise unless officials undo a new policy for taxing property owners, the city’s top real estate assessor said yesterday.
The new method, which began in January, shifts the bulk of the city’s property tax burden onto affordable multiunit dwellings in the outer boroughs, according to David Moog, who is also president of the assessors union.
“Overall, the boroughs and the poorer areas got soaked, while the more affluent areas were cut a break,” Moog said.
He testified before the City Council yesterday that the taxes on buildings of 11 units or more in the Bronx went up by more than 50 percent, and in Queens by more than 40 percent.
Brooklyn and Manhattan above 96th Street saw a similar rise in values.
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