Residents Outraged After NYC Raises Property Taxes On Sandy-Ravaged Homes

submitted by Dennis Saleeby

Bloomberg Blasted As New Yorkers Say No Way, Demand $1,000 Rebate

CBS News - February 11, 2013

NEW YORK (CBSNewYork) — A property tax revolt is brewing in areas of New York City hard hit by Hurricane Sandy. Residents are crying foul over the city’s decision to raise the assessed value — and the taxes — on homes damaged by the storm.

Imagine the nerve … the chutzpah … Your home sustains more than $100,000 in damages from the hurricane and the resale value immediately plummets, only to have the city say it’s actually worth more and you have to pay higher taxes, CBS 2′s Marcia Kramer reported Monday.

“I think they have a different reality and the reality is Mayor Bloomberg making money for the city.

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