Republican mayoral candidate Nicole Malliotakis ripped Mayor de Blasio for punting on overhauling property taxes — noting he benefits from a system that favors people in hotter neighborhoods with lower bills.
“The worst part of this is that Bill de Blasio personally benefits from this system. And the people that I speak to are tired of subsidizing millionaires like him who aren’t paying their fair share,” Malliotakis said. “Taxes need to be based on values of homes and not on the neighborhoods they are in.”
The current system is being challenged in a lawsuit from a group called Tax Equity Now NY, which notes that the tax burden falls disproportionately on homeowners of color by favoring the affluent in neighborhoods with sky high property values over working and middle class people.
Malliotakis said the burden also fell on middle class homeowners on Staten Island — noting her home is valued at $549,000, and she pays $5,521 in property tax. De Blasio’s primary home in Park Slope is valued at just under $2 million, but his tax bill is just $3,581. Inequities like those are common and due largely to rules that cap increases on assessment at 6% a year or 20% over five years — suppressing bills in hip neighborhoods like Park Slope where property values rise much faster than the cap.
Malliotakis said she would establish a bipartisan commission of City Council members, state lawmakers, good government groups and tax experts to examine options that could be proposed in Albany, which controls the taxes. She also suggested being subject to the state’s cap on property taxes.
But she said there were things she could do immediately — like promise not increase the property tax levy, or the amount of tax revenue the city collects, which has grown 28% under de Blasio.