100 signatures reached
To: Mayor de Blasio
Freeze Property Taxes!
We need swift leadership to mitigate this hardship on our citizens. I am calling on Mayor de Blasio to stop increases in all Class 1 and 2 property taxes, including residential, co-op, condo and commercial real estate, and for landlords to transfer these savings to their tenants. I am calling on the mayor to stop all planned annual property tax increases that were scheduled to take effect next month, granting a one-time reprieve for businesses and homeowners. In addition, for businesses and homeowners hurt by coronavirus, we need an added option to delay real-estate tax payments for 90 days.
Why is this important?
Businesses and residential Co‑op communities that provide affordable housing for thousands of New Yorkers must protect their liquidity and preserve their cash if they hope to survive this crisis. NYC property taxes that are due April 15th are the largest single expenditure for most co-ops and may put them in a perilous cash crunch position if newly unemployed residents cannot make their monthly maintenance payments during these unprecedented times. It is imperative that New York City allows a 90‑day interest and penalty-free “COVID-19 Waiver” of property tax payments like the 90-day waiver the governor granted for mortgage payments and the IRS granted to taxpayers filing their income taxes.
