To: Christine Quinn, New York City Council Speaker, The New York State House, The New York State Senate, and Governor Andrew Cuomo
Excessive Property Tax
Stop the exodus from New York City and New York State due to high property taxes for small property owners and business, especially in New York City. In spite of a recent 2 percent property tax cap by the governor, New York City is completely exempt. We want to be able to live and work in NYC/NY State but the high property tax continues to drive individuals, families, and business from the city and state. Both the state and city cannot recover economically unless people can affordably live here and business can thrive, but the high property tax is making that difficult. This needs to change now.
Why is this important?
Thousands of individuals, families and small businesses have been leaving New York City and New York State and continue to do so because of an out of control property tax, especially in NYC. In spite of the governor's recent 2 percent property tax cap, its enactment is voluntary on the part of local municipalities and in New York City the cap is completely exempt. Already high rents have skyrocketed as a result of the city's relentless increases in property tax which seems out of control. Whether you rent an apartment, or own property, or run a business you are affected by the property tax and if you are a NYC/NY State resident your longevity as a resident is at risk.