State Lawmakers Pass De Blasio’s Post-Sandy Property Tax Relief Bill
ALBANY, N.Y. (CBSNewYork/AP) — New York state lawmakers on Tuesday passed legislation proposed by Mayor Bill de Blasio, which would prevent higher tax bills for city residents who rebuilt or repaired their homes after they were damaged by Superstorm Sandy.
The state Senate unanimously passed the bill Tuesday and The Assembly passed the legislation unanimously on Monday. The bill now moves to Gov. Andrew Cuomo’s desk to await his signature.
The legislation would lower a homeowner’s fiscal year 2015 tax liability to the pre-storm fiscal year 2013 amount if they rebuilt or repaired their homes after Sany.
De Blasio, who announced the bill last month during a visit to Albany, said that people who put money into their homes because of storm damage could see their property tax bills rise because of higher assessed valuations.
“I want to express my gratitude to the Senate for swiftly and unanimously passing this property tax abatement legislation, which means so much to our fellow New Yorkers who rebuilt after Sandy,” de Blasio said in a statement after the bill was passed. “Now, I look forward to working with the Governor to make this bill law, so that homeowners get the relief they deserve.”
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