New York City homeowners are hearing a word they hate, and they’re hearing it at the worst possible time: taxes.
In a CBS News New York report, political reporter Marcia Kramer lays out why the anxiety is spreading beyond the usual politics crowd and into living rooms, co-op board meetings, and small building lobbies. The mayor’s proposed budget has raised the possibility of a property tax hike if Albany doesn’t send extra money to help the city close what Kramer describes as a fiscal crisis.
That warning alone is enough to spook people, because in New York City, “property taxes” doesn’t just mean single-family homes. It can touch co-ops, condos, rental buildings, and everyone downstream who eventually feels it in maintenance fees or rent…