About NYC Advisory Commission on Property Tax Reform

About the Property Tax Reform Commission

Announced in May 2018, the New York City Advisory Commission on Property Tax Reform works to evaluate all aspects of the current property tax system in New York City and recommend reforms to make it fairer, simpler, and more transparent, while ensuring that there is no reduction in revenue used to fund City services.

The advisory commission's comprehensive review includes: evaluations of the tax classification system; the methods of determining property market values and assessments; the treatment of property value increases; relief for low-income and senior homeowners; and method of calculating tax rates. The commission will solicit public input by holding at least ten public hearings and will review comparable property tax systems from other cities. The commission's recommendations may include changes that could be made at the City level, as well as those that would require state legislation.