Brooklyn homeowners writ large could see a hike in their property tax bill in the coming years, if reforms proposed by Mayor Bill de Blasio and a commission he empaneled to study the issue are implemented.
Kings County is the only one of the five boroughs where the median “effective tax rate,” or the taxes owed for every $100 of a property’s market value, would go up if four “structural reforms” of the city’s byzantine, opaque, unequal property tax system were to go into effect.
