Following the release of recommendations from the New York City Advisory Commission on Property Tax Reform last week, Comptroller Brad Lander issued the following statement:
“Our property tax system today is both regressive and opaque. Reform is urgent.
“I welcome the recommendations of the Commission on Property Tax Reform, and I agree with their approach to reforming New York City’s property tax system so that similar properties are taxed similarly, while ensuring that owners are not overly burdened by bills that exceed their ability to pay. Our current system is inequitable, and we must fix it – even where that means that my neighbors and I will need to pay more.