Bonasababy
Well-known member
- Joined
- May 16, 2024
- Messages
- 1,519
More of a rebellion against the other side, a likely preview of what we will see next fall.
Relax, Everything is Going to be Okay!
- Thread starter dranrab
- Start date
BigHornRam
Well-known member
Property tax calculations sound like a complete cluster in NYC.
new york city property tax rate
For the 2025/26 fiscal year in New York City, provisional property tax rates are set at 20.630% for Class 1 (1–3 family homes), 12.340% for Class 2 (other residential), and 11.114% for Class 3 (utilities), based on assessed value. These rates are retroactive to July 1, 2025, and are used for bills due in 2026.
NYC Property Tax Rates (FY 2025/26)
Class 1 (One- to three-family homes): 20.630%
Class 2 (Apartments, Condos, Co-ops): 12.340%
Class 3 (Utility properties): 11.114%
Class 4 (Commercial/Office): 11.833% (approximate, based on 86 basis point increase)
Key Considerations
Calculation Method: Tax is not calculated on the market value, but on the assessed value, which is generally
of the market value for Class 1 and
for Class 2.
Revaluation: Class 1 properties have capped assessment increases (
annually or
over 5 years), meaning the assessed value often lags behind market value.
Upcoming Changes: The FY 2027 Preliminary Budget (released Feb 2026) suggests a potential
tax rate increase for the following year to address budgetary needs.
Bills: Updated tax bills for 2025/26 were sent in November 2025, with payments due in January 2026.
Handlebar
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- Jul 15, 2014
- Messages
- 410
It is NYC it is not surprising, and it is not a reaction to the other side. He promised everybody Doritos and Dr. Pepper. Sometimes people vote for stuff, and they need to get it and get it hard. I am actually glad that he won and, in a way, it is good to see what is happening there and in Virginia, individual laboratories of democracy, hopefully people in other states can view what happens when you don't vet your candidates and lack the gumption to get off your phone and go vote.
No other side exists in NYC unless you are talking about two sides of the same party.
BigHornRam
Well-known member
As long as they keep their rebellion in NYC, I am okay with that.
BigHornRam
Well-known member
NYC also has a 8.875 sales tax and an additional city income tax as well as a state income tax.
Dougfirtree
Well-known member
That is far from the truth, when it comes to Mayoral elections... But the state of the national Republican party is making it more and more true each day.
I don't know where you get your info. Here's mine for NY state. I guess you could think NYC is remarkably different. I doubt it, but I'll see what I can find.
New York Voter Registration Statistics
Learn more about New York's Partisan primaries, partisan voter registration statistics, current voter totals, political parties, and more from the Independent Voter Project.
independentvoterproject.org
Here's info for NYC.
- As of 2025 (from analyses of New York State Board of Elections data), Democrats comprised approximately 65.9% of NYC registered voters. Republicans were at about 10.73%, and unaffiliated ("blanks") voters were at 21.01%.
- An earlier 2025 report from the NYC Campaign Finance Board (reflecting around April 2025) stated Democrats made up almost two-thirds (roughly 66%) of the NYC electorate, with unaffiliated at 21.1% and Republicans at 11.0%.
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