Mayor Bloomberg Announces $90 Million in Property Tax Reductions for Homes and Businesses Impacted by Hurricane Sandy

Mayor Bloomberg and Finance Commissioner David M. Frankel today announced a $90.3 million reduction in property taxes for homes and businesses impacted by Hurricane Sandy. The reduction is a result of reassessments that the Department of Finance conducted to ensure that the final values reflected damages to homes and businesses, as well changes in market value following the storm.

via Mayor Bloomberg Announces $90 Million in Property Tax Reductions for Homes and Businesses Impacted by Hurricane Sandy.

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