Homeowners in Bay ridge angry about Deblasio's low property tax bill
This event had homeowners shouting about de Blasio's low property tax bill.
And they all asked the same question, "Why?"
The answer given was "skyrocketing house prices" in Park Slope. But is that the main reason?
The truth is the low property tax stems from the fact that these houses were built in the 1890s and the rule before 1981 was that most assessments only changed when the house was built.
Also the low property tax in Park Slope has a spiraling effect on market price. Because as the neighborhood improves with less crime and better schools plus the fact that the property tax is low, more people want to come to that area that can afford the price and since the property tax is very low that attracts more and more people. More and more demand drives higher and higher prices.
So it's an oversimplification to say that the rising house prices cause the low property tax.
It would be very helpful if we had the assessed values in open data and on a chart for each property as far back as 1890 or 1960 as far back as we can go.
It seems that the open data only goes back to 2008.
There is information before that but it's all on paper it should be digitized.
See https://tony.brooklyncoop.org/get-involved/petitions/open-tax-assessments or https://forms.gle/Ab5pJEBncCu54bjU9 to sign a petition to get this information.
Also look for an email to the Taxpayers of New York group with the form ready to sign.
Also click this link and press follow to hear about future events: https://www.eventbrite.com/o/this-event-is-hosted-by-state-senator-andrew-gounardes-24908525646