City Council proposes property tax hike, but tells BK residents to focus on the positives

Brooklyn residents are potentially going to see an increase in their property tax bills, but the City Council is trying to remind them it could

BROOKLYN - Brooklyn residents are potentially going to see an increase in their property tax bills, but the City Council is trying to remind them it could be worse.While the council could raise taxes by as much as 5 percent, it is only suggesting a 2 percent increase. It would mean an average savings of $90 for Brooklyn residents. To make up the difference, the City Council proposed hitting up businesses and utilities for more. The City Council says the proposal would mean $127 million in tax relief for co-op, condo and single-family home owners.City Council member Vincent Gentile says that even though Brooklyn residents will benefit next year, they are still waiting for larger property tax breaks promised after the post-September 11 tax hike.

advertisement | advertise on News 12

Trending Video

A man has been hospitalized after a shooting 1 Police: Man hospitalized after shooting on Nostrand Avenue
Two teens attempting to jump from one rooftop 2 Teen dies trying to jump between rooftops
News 12's Dan Serafin visited Lincoln High School 3 Lincoln H.S. alumnus plays in Sweet 16 of NCAA Tourney
Neighborhood Brief for March 26 4 Neighborhood Brief for March 26
Hundreds were on hand to honor an FDNY 5 Family, friends say final goodbye to fallen FDNY EMT

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE