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Mamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passed
(www.nytimes.com)
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this post was submitted on 18 Feb 2026
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NYC has some of the highest taxes in the country. The alternative is less taxes.
The alternative is less taxes for most, and more taxes for few.
The problem is that all those services that people like and rely on? They cost money. Inflation and dipshit tariffs are eating into everything, so new revenue is required.
How are you gonna do less taxes when your guy left office with a 12b shortfall? My understanding is that NYC services are already running pretty lean as it is. What are you gonna cut?
New York in general has pretty moderate property taxes, ranked 10-20th depending on exactly how it's calculated, and well behind Texas, NJ, most of New England, Illinois, Nebraska and Ohio.
In NY county and Queens they are well below the average for NY and slightly below the national average.
https://taxfoundation.org/data/all/state/property-taxes-by-state-county/
New York is No. 2 behind Hawaii for the overall tax burden. Texas is 40th. Source is wallethub.
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494
This thread however is about property taxes specifically. If you want to argue that NY should reduce income taxes and increase property taxes, I'm here for it, it's a better way to collect money. But having a high level of taxation in general is good if those taxes go to services. What's the average gas bill in Texas compared to NY? Also, with a progressive tax system it shouldn't be surprising that the place with incredibly high salaries is also paying more taxes.
New York has some of the highest wealth in the country, but woe and damnation if we suggest that maybe they should consider helping us out with shit like roads and garbage and sewers. Nah, let's let the people working two jobs pay for all that.
It's always acceptable to raise taxes on those who have too much when there are those who have too little.