{"id":136762,"date":"2026-02-17T23:14:14","date_gmt":"2026-02-17T23:14:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/136762\/"},"modified":"2026-02-17T23:14:14","modified_gmt":"2026-02-17T23:14:14","slug":"mamdani-property-tax-hike-would-lead-to-rent-increases-experts-warn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/136762\/","title":{"rendered":"Mamdani property tax hike would lead to rent increases, experts warn"},"content":{"rendered":"

If enacted, New York City Mayor Zohran Mamdani\u2019s proposed 9.5% property tax hike<\/a> would lead to higher rents, housing industry officials say.<\/p>\n

\u201cIncreased property taxes = a rent increase,\u201d Kenny Burgos, CEO of rent-stabilized landlord group, New York Apartment Association, posted on X<\/a>.<\/p>\n

Follow live updates on Mayor Zohran Mamdani\u2019s socialist agenda and the latest in NYC politics<\/a><\/p>\n

\"NewMayor Zohran Mamdani proposed a property tax hike for New Yorkers to fund his city budget. Stephen Yang for NY Post<\/p>\n

Landlords would ultimately pass down some of the costs of increased taxes onto renters,\u00a0Jay Martin, head of the New York Apartment Association, acknowledged.<\/p>\n

\t\t\tExplore More\t\t\t\t\t<\/p>\n

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\n\t\t\t\t\t\t\t\tNYC\u2019s migrant spending tops whopping $10B as Mamdani proposes another $1.2B for budget\t\t\t\t\t\t\t<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\tNY GOP governor contender Bruce Blakeman rips Kathy Hochul for $1.5B Zohran Mamdani budget \u2018bailout\u2019\t\t\t\t\t\t\t<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\tZohran Mamdani admin live updates:\u00a0NYC mayor unveils record $127B budget, up whopping $11 from this year\t\t\t\t\t\t\t<\/a><\/p>\n

\u201cNothing says housing affordability like raising housing\u2019s largest expense.\u00a0Property taxes.\u201d Martin posted on X<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"If enacted, New York City Mayor Zohran Mamdani\u2019s proposed 9.5% property tax hike would lead to higher rents,…\n","protected":false},"author":2,"featured_media":136763,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[14927,57,9,24,55,54,56,564,2780,58,82],"class_list":{"0":"post-136762","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-city-budget","9":"tag-metro","10":"tag-new-york","11":"tag-new-york-city","12":"tag-new-york-city-headlines","13":"tag-new-york-city-news","14":"tag-ny","15":"tag-rent","16":"tag-taxes","17":"tag-us-news","18":"tag-zohran-mamdani"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/136762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=136762"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/136762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/136763"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=136762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=136762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=136762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}