Gerald Musano

Relax property tax increases | December 14, 2009

In the City of New York, the Administration is taking an aggressive stance in relation to Real Property Taxes and Water & Sewer charges. They are arbitrarily increasing them, causing severe impact to property owners and coop/condo owners. Many coop and condo owners feel that the city is forcing them to consider moving to less expensive locations. The economic down turn, causing high unemployment and uneasy feelings for prosperity in the near future, does not help.

We feel that the City should relax tax increases and try to avoid a mass exodus out of the City, that did happen in the last major down turn.

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