CM James Announces Pilot Co-op/Condo Council, Urges Finance Department To Cap Property Taxes

**FOR IMMEDIATE RELEASE**
August 2, 2011

Contacts: Amyre Loomis at (718) 260-9191

NYC COUNCIL MEMBER LETITIA JAMES ANNOUNCES PILOT CO-OP AND CONDO COUNCIL FOR 35TH COUNCIL DISTRICT AND URGES THE DEPARTMENT OF FINANCE TO CAP PROPERTY TAXES IN BROOKLYN
It has long been acknowledged that housing cooperatives and condominiums pay more than their fair share of property taxes

(Brooklyn, NY) Serious concern about the New York City Department of Finance's assessments of real property values for cooperative and condominium properties exists. Some residents have seen increases in market value of up to one-hundred fifty percent, and the resulting real property tax increases could be extremely damaging to affordable housing in many neighborhoods.

Council Member James said: “I ask that co-op and condo owners in the 35th Council District who may be experiencing increases in property taxes and other issues related to their residences, call my office. The pilot Co-op and Condo Council that I am forming has three purposes: 1. to get condo taxes capped at an affordable rate in Brooklyn, 2. to create discounted purchasing opportunities, 3. to develop green initiatives, and 4. to share information.”

Property tax rates for co-op and condos were capped at 10% (only in the borough of Queens) for the 2011 year, and co-ops/condos in Brooklyn and Citywide should also be capped. It is still unclear what the cap will be for 2012. The City Council is currently working with a panel/commission to examine the issue.

Tamara Clements, a resident of co-ops located at 149 and 153 Clinton Avenue said: “My neighbors and I want to understand how things work in the tax and real estate areas. We will support any efforts to research and speak out against built-in and structural unfairness in government, specifically as it relates to property taxes.”

The general consensus is that because co-op ownership (and condo ownership to a smaller degree) is the most accessible way for working-class people to become property owners, it is unfair that this group should shoulder a larger tax burden than traditional homeowners (whose property is more valuable overall). The goal of this pilot initiative is to cap property tax rates for these owners at a maximum of 8%, as suggested by the City Council.

“I’m certain a joint effort by co-op and condo owners to force the capping of escalating real estate taxes is very possible in Brooklyn through the formation, and work of this pilot Co-op and Condo Council,” said Council Member James.

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ATTENTION: 35th District Lien Sale Outreach Session

The Office of Council Member Letitia James will be hosting a 35th District Lien Sale Outreach Session on Monday, July 18, 2011 at--

Benjamin Bannekar Academy
77 Clinton Avenue
Brooklyn, NY 11205

During the sale, unpaid water, sewer, and property tax debt will be sold by the City to private collection agencies, who are likely to impose heavy interest fees. You have until August 1, 2011 to settle your debt with the City and avoid the lien sale.

The outreach session is being sponsored by the NYC Department of Finance, the Department of Environmental Protection, and the Department of Housing Preservation and Development, who will be available to meet one-on-one.

Please be aware that some groups— such as veterans and seniors— may be exempt from the lien sale. Those individuals who are in exempted categories should fill out an “Exemption Eligibility Checklist”. For further information, please contact (212) 788-7081.

ATTENTION: 2011 NYC Lien Sale

Let’s Talk Lien Selling:
A lien sale is when the City sells debt to a private collector (known as a lien holder) who assumes the right to collect the debt, and move to foreclosure if owner remains in arrears. In a lien, the lienholder assumes the debt, not property. The lien sale is the City’s primary enforcement tool to collect delinquent debt owed by property owners

Property Tax Debt:
You are at risk if you own— a 1-3 unit residence, a condo/co-op, a small business with 1-2 residences, or vacant land zoned for residential use
-any of the above categories with minimum $1,000 in property taxes for 3+ years
You are at risk if you own— a 4+ units
-the above category with minimum $1,000 in property taxes for 1+ years

Water/Sewer Liens:
You are at risk if you own— a Tax Class 1 property other than a single-family residence
-the above category with minimum $2,000 in debt for 1+ years
You are at risk if you own— a Tax Class 2 multi-family home, a commercial property
-the above categories with minimum $1,000 in debt for 1+ years

Emergency Repair/ Alternative Enforcement Program:
You are at risk if you own— any property other than a 1-3 family residence
-the above category with minimum $1,000 in debt for 1+ years

All 1-3 unit properties will be excluded from the lien sale with the exception of non-owner-occupied 3-unit buildings in the Alternative Enforcement Program.

Property tax liens will NOT be sold on 1-3 family homes with the Veteran or Active Military Personnel Exemption; Senior Citizen Homeowner Exemption; Disabled Homeowner Exemption; or the Real Property Circuit Breaker Personal Income Tax Credit (PIT) for 2010.

Stats on At-Risk Properties:
-Total Eligible CityWide- 25, 937 (Brooklyn- 11,375)

Important Dates:
May 2- 90-Day Publication
May 3- 90-Day Mailing
June 1- 60-Day Mailing
July 1- 30-Day Mailing
July 22- 10-Day Publication & Mailing
August 1- Last Day to Pay

Customers can call 311 for questions related to the lien sale.

To be removed from the lien sale list, customers must either pay in full or enter into a payment agreement.
Department of Finance- for property and ERP/AEP debt
www.nyc.gov/liensale
For general lien sale inquiries:
(212) 504-4039
taxlien@finance.nyc.gov

Department of Environmental Protection- for water and sewer debt
www.nyc.gov/dep
(866) 622-8292
For general lien sale inquiries:
(718) 595-7000
ombuds@dep.nyc.gov

Housing Preservation and Development- for ERP/AEP debt
For general lien sale inquiries:
(212) 863-5300
taxlien@hpd.finance.gov

Lien Sale Outreach Dates:
Outreach sessions will be held in each borough from 5PM- 7PM.
Brooklyn’s session is—
July 28, 2011
Brooklyn Finance Business Center
210 Joralemon Street, 1st Floor
Please call Finance's Outreach Unit at 212-669-8745 for more information.

Things We May Have Neglected To Mention

The New York City Department of Finance wants you to know that you can now contest Parking and Environmental Control Board tickets on-line!

U.S. Representative Ed Towns invites you to join him at the JP Morgan Chase Homeowner Assistance Program from March 31st- April 4th. Representative Towns will be present at the third session between the hours of 12noon- 2PM on Saturday, April 2, 2011 at the Brooklyn Marriott.

Reverend Michael Bacchus and the Full Gospel Assembly Church invite you to a health event where you may obtain FREE mammogram and blood pressure screenings.

WHEN: Saturday, April 2, 2011
9AM- 3PM
WHERE: Full Gospel Assembly Church
131 Sullivan Place
Brooklyn, NY 11225

State Senator Eric Adams and CM Letitia James Present Outreach Session For Those In Danger of Liens Sale; 4/13; PS 316; 5PM

State Senator Eric Adams and Council Member Letitia James present...

a special community outreach program for individuals behind on their water or sewer taxes.

"On Tuesday, April 13, we have arranged for representatives from both the Department of Finance and the Department of Environmental Protection to come to our district to enable you to make arrangements to begin
a payment plan. Representatives of the Department of Housing Preservation and Development will be present
with information on low-cost loans."

The information is as follows:

LIEN SALE HELP SESSION
Tuesday, April 13, 2010
PS 316– Elijah G. Stroud School
750 Classon Avenue
(between Sterling Place and Park Place)
5:00 PM - 8:00 PM