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[Op-Ed] City of Yes Needs a Tax Cap for New Construction
Summary by OANA - Old Astoria Neighborhood Association
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[Op-Ed] City of Yes Needs a Tax Cap for New Construction
The Old Astoria Neighborhood Association (OANA) has released a new op-ed, “City of Yes Needs a Tax Cap for New Construction,” examining a major obstacle facing small property owners who want to create new housing under the City of Yes initiative. The piece argues that while the city encourages homeowners to add apartments and accessory dwelling units, the current property tax system can impose sudden tax increases on those improvements, discoura…
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