We are speaking about the property tax law in New York City

[Ralph Yozzo]

Here's a post from someone in Colorado. 

https://www.reddit.com/r/tax/comments/1draykd/comment/lauiobc/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

"Unfortunately, the limitations on increases you describe don't apply everywhere. In much of Colorado, weerty  saw a ~40% increase in market values since the last valuation cycle and our property taxes went up (almost) proportionally."

Currently everyone should know that we have proptax increase caps.  These caps work out to be 4% annually on average. 

We should propose that the assessment caps be capped to 4% or the rate of inflation whichever is lower. 

Or do what California does which is 2% or the rate of inflation. 

"California's Proposition 13 caps the growth of a property's assessed value at no more than 2 percent a year unless the market value of a property falls lower. When that happens, Proposition 8, which also passed in 1978, allows the property to be temporarily reassessed at the lower value."

But this is not what the current bills and proposals say. The current bills and proposals plan to ABOLISH ALL CAPS

Let me ask you do you think that infinite money would solve the MTA problem? 

The answer is no. 

The same applies to our so-called elected representatives. There is no amount of money that will solve their greed and vice. 

Just look at our mayor who says that taking hundreds of thousands of dollars in flight upgrades and hotel upgrades is not at all corruption.