4 ms·
NYC does have something like that now. Both homeowners and renters are eligible for a property tax credit. But the rent credit is only available if rent is less
by cimmanom 9y ago
NYC does have something like that now. Both homeowners and renters are eligible for a property tax credit. But the rent credit is only available if rent is less than $450/mo, which is... impossibly low.
- XR0CSWV3h3kZWg 9y ago450. Yikes that reads as pretty out of date/touch. For those wondering here is zillow returning zero results under those conditions: https://www.zillow.com/homes/for_rent/New-York-NY/house,condo,apartment_duplex,mobile,townhouse_type/6181_rid/0-114112_price/0-450_mp/41.063045,-73.489952,40.429962,-74.379845_rect/10_zm/ https://www.zillow.com/homes/for_rent/New-York-NY/house,cond... Also making a tax credit like that without a gradient produces some pretty nasty effects.
- cimmanom 9y agoThe odd thing is that the credit is fairly new - IIRC, within just the last few years.