Consolidated Edison customers are about to get some shocking news about their electricity service: A huge part of their bill, 21% of the delivery charge for the average customer, is paying ConEd\u2019s property taxes.\u00a0<\/p>\n
And Mayor Mamdani doesn\u2019t want you<\/a> to know that.\u00a0<\/p>\n The city\u2019s unique and highly dysfunctional property-tax system has for decades allowed mayors and the City Council to shift taxes onto its utility systems, Con Ed being the biggest.\u00a0<\/p>\n Con Ed\u2019s property tax bill for its electric system jumped from $1 billion in 2015 to more than $2.1 billion last year, all with Albany\u2019s blessing.\u00a0<\/p>\n No other major city comes close to Gotham in cramming such a big property-tax burden into consumers\u2019 utility bills.\u00a0<\/p>\n The taxable value of Con Ed\u2019s system has exploded for reasons ranging from rising component costs \u2014 the basis for much of the tax calculation \u2014 to the state\u2019s 2019 climate law, which required Con Edison to upgrade its grid (driving up its tax liability).\u00a0<\/p>\n But in many respects, the property values were little more than numbers.\u00a0<\/p>\n What matters is that the city chose, year after year, to keep squeezing more money out of that system knowing full well that ratepayers would end up paying the bill.\u00a0<\/p>\n $32 per house\u00a0<\/p>\n It\u2019s another tax hike on New Yorkers, hidden in your electricity bill.\u00a0<\/p>\n Today the property tax alone adds roughly 5.4 cents per kilowatt-hour to customer bills in the five boroughs, a Manhattan Institute analysis found. That\u2019s about $15 per month tacked on to a typical apartment\u2019s electric bill, and more than $32 for a single-family house.\u00a0<\/p>\n \t\t\t\t\t\t\tGet opinions and commentary from our columnists\t\t\t\t\t\t<\/p>\n \n\t\t\t\t\t\t\tSubscribe to our daily Post Opinion newsletter!\t\t\t\t\t\t<\/p>\n \t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n