Source: New York Post
Mayor Zohran Mamdani’s proposed property tax hike will put the squeeze on small building owners — and could even be the “nail in the coffin” for the city’s rent-stabilized market, critics warned. Small Property Owners of New York, a nonprofit advocacy group, expressed grave concern about Mamdani’s Tuesday warning that he’ll be “forced” to raise city property taxes a whopping 9. 5% to balance the Big Apple budget.
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