Property taxes, the lifeblood of local governments and school districts, are among the most powerful and stealthy engines of racism and wealth inequality our nation has ever produced. And while the Biden administration has offered many solutions for making the tax code fairer, it has yet to effectively tackle a problem that has resulted not […]
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Marleen Gamble had already taken out a reverse mortgage on her townhouse in 2018 to keep up with the steady increase in expenses eating into the Social Security checks that are her only source of income. Then this year, Ms. Gamble, a retired X-ray technician, faced a 20 percent spike in her property tax bill. […]
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New York City is known for its pricey real estate, but some homeowners get an unexpected bargain: Property taxes on some of the fanciest, most coveted properties are often very low — at least relatively. The flip side? Renters and homeowners in lower-income neighborhoods end up carrying a lot of the burden. Take, for example, […]
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