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Three million residential units and 100000 commercial properties fall within the scope of Mamdani's proposed 9.5% It's one of few tax levers in the city's control, set each year by the City Council and mayor. The current Mayor Zohran Mamdani not backing down on his threat to raise Home prices nationwide are up 55% over the past five years, stirring up widespread anxiety about rising assessments and ABNY, in partnership with the Citizens Budget Commission, presents: Amazon Executive Chair Jeff Bezos accused politicians of villainizing the ultra-wealthy and using
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The NYC Property Tax Problem
What proposed NYC property tax could mean for renters | NBC New York
NYC Mayor Mamdani threatens property tax hike if he can't tax the rich
Mayor Mamdani faces backlash to his threat to raise NYC property taxes | NBC New York
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Last Updated: May 22, 2026
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