A modest proposal to solve the New York City Property Tax Mess



  • ALL STAR recipients whether in a cooperative apartment or condominium are considered CLASS 1
  • ALL 1 to 3 family homes are CLASS 1
  • ALL other residential are CLASS 2
  • PHASE OUT COOP/CONDO ABATEMENTS over 10 years
  • PHASE IN NEW COOP/CONDO CLASS 1 treatment over 10 years
  • CLASS 3 and 4 remain as is.
  • CLASS SHARE for CLASS 1 remains by law not greater than 15%
  • SENIOR rent and homeowner and VETERAN exemptions and abatements are kept and increased.
  • ALL OTHER EXEMPTIONS AND ABATEMENTS are phased out.    They are many hundreds of these programs and they amount mostly to special deals to developers and/or favors given out by your elected representatives or their staff.  It is a shame that we run the city like this.  And if you do not believe there are hundreds, see for yourself:
ALL NEGATIVE VALUES ARE EXEMPTIONS AND ABATEMENTS



rowskeysum_valueactivitythrough
4,918parks dept nyc-$1,508,208,6912017-06-02
1,274dept. of education-$1,084,138,4932017-06-02
24port auth-air termin-$990,079,8582017-06-02
132fed govt land bldgs-$693,897,1372017-06-02
1,238nyc housing auth-$624,713,0022017-06-02
55,399co-op/condo abatement-$539,923,2082017-06-02
258nys urban dev (esdc)-$535,483,4532017-06-02
6,020house of worship-$532,476,2832017-06-02
318college-university-$480,699,1282017-06-02
5,955icip-$476,381,1542017-06-02
485hospital-$449,102,8022017-06-02
238421a (20 yr not cap-$386,444,8622017-06-02
196dormitory authority-$345,608,8632017-06-02
5port auth-world trad-$333,803,2242017-06-02
426dept small bus svcs-$312,895,9462017-06-02
31,774421a (15 yr not cap)-$303,165,6822017-06-02
18,224421a (25 yr not cap-$300,213,7372017-06-02
3,076battery park auth-$256,314,5472017-06-02
21,768j-51 alteration-$213,889,9502017-06-02
1,960dept real est (dcas)-$210,830,7802017-06-02
48health & hospitals c-$201,837,0462017-06-02
67edc - pilot-$194,243,0972017-06-02
72edc managed-$193,337,5642017-06-02
1,789420c housing-$182,217,9192017-06-02
3nyc industrial dev-$168,872,7412017-06-02
664religious-school-$162,403,6592017-06-02
12,956new mult dwellings - 421a-$145,923,8952017-06-02
509state lands bldgs-$143,819,4852017-06-02
404ida - pilot-$143,638,9682017-06-02
153dept of sanitation-$133,085,7542017-06-02
1,400charitable-$129,408,2712017-06-02
589roosevelt island-$128,366,2772017-06-02
762industrial & commercial abate prog-$120,567,3472017-06-02
312,398basic star - school tax relief-$115,089,2072017-06-02
284school-elem,hs,acad-$113,016,3912017-06-02
259mta-nyc transit-$102,298,5442017-06-02
4,264421a (15 yr cap)-$91,988,8572017-06-02
131post office-$83,673,7762017-06-02
29,167senior citizens homeowners' exemption-$83,503,8312017-06-02
31,436j51 abatement-$82,866,2692017-06-02
209cemetery (private)-$80,993,6082017-06-02
891spec init pgm (sip)-$77,374,5592017-06-02
136student dormitory-$69,835,9832017-06-02
6dept of correction-$67,740,2202017-06-02
401hospital staff hsg-$67,223,1722017-06-02
7fed hospital-$65,268,1292017-06-02
1,329house pres devl adm-$63,767,5762017-06-02
347faculty student hsg-$63,491,9592017-06-02
29nyc educ const fund-$61,975,1022017-06-02
51public museum-$59,954,1242017-06-02
77,178enhanced star - school tax relief-$56,347,7222017-06-02
212police dept-$55,087,0472017-06-02
42state hospital-$50,579,3402017-06-02
194public library-$47,947,4562017-06-02
613dept of traffic-$46,806,6712017-06-02
295nfp-contemplated use-$45,335,9002017-06-02
67school construc auth-$44,587,7592017-06-02
1prof. maj lea sports-$41,020,1972017-06-02
64museum-$40,621,7772017-06-02
186foreign mission-$40,421,1622017-06-02
64nursing home-$40,154,8032017-06-02
293mental-moral improve-$39,282,9792017-06-02
29bd higher ed (cuny)-$38,009,4452017-06-02
178city social services-$37,118,2912017-06-02
10united nations-$36,526,4092017-06-02
1,026div of alt mgmt prog-$36,273,1722017-06-02
2,561residential conversion abatement-$33,319,5652017-06-02
269fire dept-$29,973,3112017-06-02
4cooper union-$29,890,5802017-06-02
4opera house-$28,724,6122017-06-02
10perf arts bldg-$27,540,4222017-06-02
77port auth-indust dev-$26,389,5472017-06-02
212chartble philan-$26,108,6622017-06-02
111health center-$25,120,4452017-06-02
1,031parsonage-$21,792,6472017-06-02
33,547veteran exemption-$21,444,9172017-06-02
7,738urban dev. act proj.-$20,768,3772017-06-02
134benevolent-$20,627,3992017-06-02
5port auth-bus facilt-$20,519,0362017-06-02
2,417resid-conv. low manh-$19,567,3132017-06-02
155state public works-$19,128,4752017-06-02
252lease abatement-$19,038,7102017-06-02
374charitable housing-$18,970,5392017-06-02
684mci capital improvement abatement-$18,932,5572017-06-02
599brooklyn bridge park pilot-$17,360,5402017-06-02
62urban renewal-$16,007,4952017-06-02
250trust for cult rsrce-$15,962,7292017-06-02
100foreign consulate-$14,390,9942017-06-02
9academy of music-$13,920,3662017-06-02
94mitchell-lama (srt)-$13,096,2582017-06-02
6un development corp-$13,049,1602017-06-02
645dept pub work (dep)-$12,728,1462017-06-02
44mta - bridge&tunnel-$12,520,1302017-06-02
70mta-lirr/metro north-$12,115,9292017-06-02
36hsg dev fund co (srt-$11,937,9882017-06-02
480421a (10 yr cap)-$11,240,3392017-06-02
6,088solar elec generating system abate-$11,200,9042017-06-02
97dept water resources-$10,934,4282017-06-02
36dept of health-$9,841,2032017-06-02
53port auth-bridge/tun-$8,657,1952017-06-02
6military-$8,052,3642017-06-02
1state retire system-$7,901,1232017-06-02
48religious-dormitory-$6,882,8762017-06-02
2,920disabled homeowner-$6,839,9612017-06-02
50foreign embassies-$6,739,6912017-06-02
152mitchell lama star benefit-$6,033,2252017-06-02
4armed forces-$5,529,7822017-06-02
41salvation army-$5,449,6722017-06-02
7nfp housing company-$4,700,1582017-06-02
22library-$3,734,2442017-06-02
9police fire-$3,654,3722017-06-02
12redevelopment (srt)-$3,028,2362017-06-02
82foreign staff hsing-$2,991,6302017-06-02
8literary-$2,849,2152017-06-02
5,523veteran portion fully exempt-$2,583,6302017-06-02
562nys hous trust fund-$2,574,2622017-06-02
24dept of highways-$2,300,6852017-06-02
4fraternal organiz-$2,189,7222017-06-02
10hip center-$1,989,8382017-06-02
5,523veteran portion partially exempt-$1,584,1582017-06-02
16historical-$1,577,9082017-06-02
35religious missions-$1,560,8952017-06-02
11theatrical corp-$1,192,0932017-06-02
69a.l.,vfw,cwv,jwv,etc-$1,159,7652017-06-02
5inst of arts sci-$982,2702017-06-02
2armory-$723,3092017-06-02
8scientific-$708,3652017-06-02
46icip abatement-$626,2642017-06-02
4public playground-$625,0152017-06-02
2non-profit med dent-$586,2792017-06-02
4bible-$460,0402017-06-02
1ltd profit hsng co:l-$450,6402017-06-02
6enf/law/child/animal-$446,2542017-06-02
1,335clergy-$400,3582017-06-02
5amtrak (fed subsi rr-$369,9582017-06-02
2cemetery (federal-$276,4482017-06-02
8memorial assn-$272,3172017-06-02
13vol. fire co.-$239,8212017-06-02
4supvd. sportsmanship-$182,0622017-06-02
5ny state power auth-$172,7512017-06-02
3limited div (srt)-$128,1342017-06-02
52421b (1-2 family)-$75,5012017-06-02
1patrol salvage-$62,6592017-06-02
1nys med care fac fin-$50,4382017-06-02
2do not use - dwelli-$33,7222017-06-02
6crime victims-$22,0492017-06-02
3ser disabled veteran-$22,0282017-06-02
1solar/wind energy-$12,4152017-06-02
3lighthouse-$9,8122017-06-02
1environ prot ex-$4,1242017-06-02
1borough president-$2,6912017-06-02
2fallout shelter-$1602017-06-02
5,523veteran exemption total$33,503,7662017-06-02
1,122shelter rent tax$235,078,9072017-06-02
43,711co-op/condo benefit based on average assessed value of$5,398,803,4472017-06-02
1,079,124annual property tax$25,437,692,8022017-06-02
1,043,729tax before abatements$26,287,561,3912017-06-02
1,079,124tax before exemptions and abatements$40,844,510,6722017-06-02
1,078,002estimated market value$1,394,395,361,9912017-06-02
1,079,124tax class2017-06-02
1,078,002current tax rate2017-06-02

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