Vince Chirico’s Property Tax Reform Does Little to Help the Middle Class
We have no idea who Vince Chirico is, but today we saw that he told Kings County Politics that he wanted to do property tax reform. That sounds promising, right? Only for certain groups of people – AS USUAL.
His big announcement is that he would change the mansion tax. What does this mean? Currently if a family buys a one million dollar home, they have to pay a mansion tax within 15 days of closing. Chirico said would change it so that people wouldn’t have to pay mansion tax unless the home was $2 million. THIS MAN WANTS TO GIVE TAX BREAKS TO PEOPLE WHO CAN AFFORD MILLION DOLLAR HOMES….Seriously? Can we stop giving tax breaks to people who don’t care about tax breaks?
How does this help current residents who are paying high property taxes? It doesn’t. This bill would only help people on future home purchases. I guess there are current residents in Dyker who want to purchase new million dollar homes and they don’t want to be hit with the mansion tax. You, the middle class reader of my blog must be shaking your head…..yeah me too.
Chirico said he would oppose any property tax hike. I think every candidate running is going to say that.
When we moved to Bay Ridge eight years ago, our property tax was around $4K – it’s now almost $8K. Chirico wants to expand property tax relief for senior citizens (What about the middle class?), increase the senior citizen rent increase exemption and create tax rebates for renters who surpass a certain threshold percentage of their income on rent. Yup, the middle class is left out. Why? Because some candidates are trying to appeal to senior citizens since they vote.
To us, it looks like Chirico’s intended audience is the rich and the senior citizens.
Hugs,
marlene
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