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Mayor de Blasio and Council Speaker Johnson recently announced the formation of a new advisory commission to develop recommendations to reform NYC’s property tax system with the goal of making it simpler, clearer, and fairer, while ensuring that there is no reduction in revenue used to fund essential city services. The commission will solicit input from the public by holding at least 10 public hearings.
The last in-depth review of the system by a government-appointed commission was in 1993.
