Co-op tax increases must come to an end

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I recently received a flier from my co-op notifying residents that we are getting an increase in carrying charges, mainly due to a 7 percent increase in real estate taxes.

I read a recent article by Bob Friedrich in your paper entitled, “May Be Time to Revamp Property Tax System.” Friedrich is president of the Glen Oaks Village co-op and he says real estate taxes have risen from 25 percent to 50 percent of most co-op budgets with no regard for the actual fair market value of individual apartments.

The people living in these modest apartments actually pay more in real estate taxes than wealthy families who live in large house. As stated, co-ops offer some of the last affordable housing available to middle-class families. Apparently there is little regard for struggling New Yorkers who may live on fixed incomes or have jobs that provide few or no pay increases.

This unfair tax situation for co-ops is becoming a burden. It is unconscionable that our elected officials acknowledge the problem, yet continually refuse to fix it.

Linda Imhauser


Posted 12:00 am, October 30, 2017
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Reader feedback

JJK from Bayside says:
This is why I am leaving Bayside for Florida! Enough is enough!
Oct. 30, 2017, 8:20 am
Bob Friedrich from Glen Oaks says:
Ms. Imauser's comments are a sad commentary on the state of our local politics. In two weeks there is an election and we will re-elect the same politicians who campaign on property tax reform in each election cycle. Read their campaign mailers, always a bullet point on property tax reform. Yet collectively, they do nothing to change the system. It's likely that if they really felt vulnerable at the polls, things would change. Until voters are willing to consider alternate candidates, regardless of party, things will remain the same.
Oct. 31, 2017, 10:34 am
whom to tax from Queens says:
Instead of unfairly taxing coops, NYC should tax homes who pretend to be religious institutions. Even if a priest, rabbi, etc live in a home, that does not make it a religious institution and taxes should be assessed. I used to live next to a private home that had one meeting a month so that they qualified and therefore did not pay property taxes.
Oct. 31, 2017, 1:01 pm
JJK from Bayside says:
I totally agree with "Whom to Tax" I see many "Korean Church Buses" driving around. Then I see them driving BMW's Lexus, Mercedes. They are laughing all the way to the bank.Its disgusting!
Nov. 1, 2017, 7:08 am

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