Mayor De Blasio Recommends Property Tax Revamp in Final Days (1)

Bill de Blasio, who vowed to fix New York City’s dysfunctional property tax reform system eight years ago when campaigning to be the city’s chief executive, released recommendations in his final days in office that include creating a new tax class for small residential and condo owners.

The outgoing mayor, who ends his second term on Dec. 31, released a final set of recommendations Wednesday drafted by the New York City Advisory Commission on Property Tax Reform, that include:

• Creating a new tax class for small residential property owners: 1-3 family homes, condos, coops, and 4-10 unit rental buildings, “ensuring ...