City’s property tax overhaul would increase burden for single-family homeowners

The preliminary proposal from a mayoral commission to overhaul New York City’s property tax system would raise fees on owners of one- to three-family homes and hold down taxes on co-ops and condos. An analysis from the Wall Street Journal found that the plan would raise taxes on houses by more than $1.13 billion in total, although more than a third of building owners would pay less. Taxes would rise for owners of Manhattan mansions

source https://therealdeal.com/2020/03/23/citys-property-tax-overhaul-would-increase-burden-for-single-family-homeowners/