Con Edison bills will soon show how much of your cash goes to NYC property taxes

Source: New York Post

Con Edison will tell its customers a main reason why its electric bills are so high — they’re forced to offset the company’s own hefty “regressive” property tax burden charged by the New York City government. The utility giant said property taxes account for a significant 21% share of the total monthly bill customers pay as Con Edison’s $2. 6 billion in property taxes last year made it the largest taxpayer in the city.

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