Cap Property Assessment Increases at 25% in Albany, NY


Cap Property Assessment Increases at 25% in Albany, NY
The Issue
As residents of Albany, NY, we are deeply affected by the recent property assessment increases. it impacts everyone - tenants and landlords, store owners and service retail businesses. The current accessment threatens to drive up residential and commercial rents significantly. It scares away potential retailers and renters due to the sudden increase in rental rates.
The unfair property assessment is more than just an economic issue; it's a social one too. By driving up costs across the board, it risks increasing poverty levels across Albany. The poorest among us will bear the brunt of this change disproportionately.
We believe that capping increases at 25% would be a fairer approach that would prevent such drastic changes from happening so suddenly again in future assessments.
We urge our local government to consider this proposal seriously for the benefit of all residents in Albany. Please sign this petition if you agree that we need a cap on property assessment increases at 25% and REDOING the unfair and monumental current increase!
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The Issue
As residents of Albany, NY, we are deeply affected by the recent property assessment increases. it impacts everyone - tenants and landlords, store owners and service retail businesses. The current accessment threatens to drive up residential and commercial rents significantly. It scares away potential retailers and renters due to the sudden increase in rental rates.
The unfair property assessment is more than just an economic issue; it's a social one too. By driving up costs across the board, it risks increasing poverty levels across Albany. The poorest among us will bear the brunt of this change disproportionately.
We believe that capping increases at 25% would be a fairer approach that would prevent such drastic changes from happening so suddenly again in future assessments.
We urge our local government to consider this proposal seriously for the benefit of all residents in Albany. Please sign this petition if you agree that we need a cap on property assessment increases at 25% and REDOING the unfair and monumental current increase!
57
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Petition created on March 8, 2024