City Homeowners Receive Rebate Checks
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Property tax rebate checks for $400 are in the mail for 626,000 homeowners in the city and owners may already be receiving them. This is the fourth year homeowners have collected the $400 rebates, which will continue through 2009.
The city cut the property tax rate by 7% for the tax year beginning on July 1, 2007, which is expected to save homeowners $92 on average. In 2002, Mayor Bloomberg pushed through an 18.5% property tax increase after coming into office to cover soaring deficits.
