City Councilman Dan Halloran, R-Whitestone, said he has sponsored a bill that will require the Department of Finance to publish a brochure that explains how property taxes are calculated.
The councilman said he worked with the City Council’s Republican Caucus on the bill that would require the city to clearly explain how property taxes are determined.
“Gone are days of vague bills, mystery charges and confusing math,” he said. “Especially in this uncertain financial climate, homeowners and buyers need to know exactly what their property taxes are and why. Increasing transparency in government is always a worthy goal.”
The councilman said his office receives numerous calls from residents confused about their property taxes after each quarterly statement is mailed.
Previously, information on property taxes was spread out in a number of forms and pamphlets on the Department of Finance’s website.
Now, homeowners can download information on how property taxes are determined for one, two and three-family homes.
To view the brochure, click here.
