{"id":2209435,"date":"2024-03-29T19:41:16","date_gmt":"2024-03-29T23:41:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/unpaid-property-taxes-skyrocket-in-nyc-while-ag-james-goes-after-trump\/"},"modified":"2024-03-29T19:41:53","modified_gmt":"2024-03-29T23:41:53","slug":"unpaid-property-taxes-skyrocket-in-nyc-while-ag-james-goes-after-trump","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/unpaid-property-taxes-skyrocket-in-nyc-while-ag-james-goes-after-trump\/","title":{"rendered":"Outstanding NYC property taxes surge as AG James targets Trump"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Funpaid-property-taxes-skyrocket-in-nyc-while-ag-james-goes-after-trump%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2209435&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Unpaid \u2063property\u2062 taxes in New\u2062 York City are \u200bset to hit a record\u200b high, totaling $880 million by \u200bJune, with a 30% increase from three years \u2063ago. New York\u200b Attorney General\u200c Letitia \u200bJames is focusing on ex-President Donald Trump amidst concerns that the \u2063lack of enforcement regarding tax\u2064 non-payment is contributing\u2064 to the escalating figures. Unpaid property \u200btaxes in NYC are\u200c projected to\u200b reach\u200c a record $880\u200b million by June, reflecting a 30% surge from three years ago. AG Letitia James is targeting \u2062former President Trump as concerns grow over lax \u2064enforcement of tax non-payment, fueling the rise in unpaid \u200btaxes.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>Unpaid <a href=\"http:\/\/washingtonexaminer.com\/tag\/new-york-city\" target=\"_blank\" rel=\"noopener\" title>New York City<\/a> property taxes are expected to skyrocket to a record high this fiscal year while New York Attorney General <a href=\"http:\/\/washingtonexaminer.com\/tag\/letitia-james\" target=\"_blank\" rel=\"noopener\" title>Letitia James<\/a> focuses her attention on former President <a href=\"http:\/\/washingtonexaminer.com\/tag\/donald-trump\" target=\"_blank\" rel=\"noopener\" title>Donald Trump.<\/a><\/p>\n<p>The unpaid taxes are projected to <a href=\"http:\/\/washingtonexaminer.com\/tag\/money\" target=\"_blank\" rel=\"noopener\" title>amount to $880 million<\/a> by the end of June and mark a more than 30% jump from three years ago. The main reason for the high taxes is that officials do not have the power to enforce the punishments for not paying the fees.<\/p>\n<p>\u201cIt\u2019s not just the absolute dollar amount that I think should worry us all,\u201d Preston Niblack, the city\u2019s finance commissioner, <a href=\"https:\/\/nypost.com\/2024\/03\/29\/business\/unpaid-nyc-property-taxes-to-hit-record-880m-no-consequences\/\" target=\"_blank\" rel=\"noopener\" title>said<\/a> earlier this month. \u201c[People are] realizing there are no consequences for not paying your property taxes. That just can\u2019t be allowed to continue.\u201d<\/p>\n<p>City officials blamed the problem on the end of a program from the pandemic that punished the borrowers who turned delinquent on their payments. The program expired in March 2022 and was not reauthorized. However, the city\u2019s finance department is allegedly working to bring the program back.<\/p>\n<p>The program stated that homeowners who were delinquent on housing payments for more than three years could lose the house to the city in order to repay the debt. For some other properties, the threshold was one year instead of three.<\/p>\n<p>James has slammed the program in the past, claiming it was able to \u201cquickly turn a relatively small tax lien into an overwhelming financial burden, eventually pushing homeowners into foreclosure,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-28\/nyc-s-delinquent-property-taxes-soar-without-incentive-to-pay?sref=MTy2GeXk\" target=\"_blank\" rel=\"noopener\" title>according<\/a> to Bloomberg.<\/p>\n<p>The numbers come as the overall vacancy rate for Manhattan business complexes remains high at 22.5% in November 2023. The two highest debtors in New York are a 16-unit rental building in Brooklyn that owes $52.2 million, and another is an apartment complex that owes $24.7 million in the Bronx. <\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>It also comes as James continues to focus her attention on prosecuting Trump amid his legal troubles, including his $364 million payment for committing decades of business fraud via his real estate empire. The $364 million sticker price has<a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/2937659\/trump-scores-major-victory-and-minor-setback-in-new-york-courts\/\" target=\"_blank\" rel=\"noopener\" title> now been reduced<\/a> to $175 million.<\/p>\n<p>James had threatened to seize Trump\u2019s signature tower, Trump Tower, if he could not pay the bond.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York City faces a record surge in unpaid property taxes, reaching $880 million by June as AG Letitia James investigates former President Trump. This spike represents a 30% increase from previous levels, highlighting the growing fiscal concerns amidst heightened scrutiny on property tax compliance<\/p>\n","protected":false},"author":2643,"featured_media":2209436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24083649689353-1024x591.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2209435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24083649689353-1024x591.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2209435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2643"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2209435"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2209435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2209436"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2209435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2209435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2209435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}