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Q&A

Morano asks about assessed value and property tax impacts

New York City Council · Oct 6, 2026 · starts 1:52:45 · 33 sec

Morano asks whether adding usable backyard or lot area could change assessed value or property taxes; Ferrara says DCP cannot answer independently but will consult resources and follow up.

Frank Morano

I also want to ask about the practical impact on homeowners.

Frank Morano

For a property where the correction effectively adds usable backyard or lot area back to the property, could that change the property's assessed value or property tax bill?

Frank Morano

And if so, has anyone analyzed how significant that impact would be?

Catie Ferrara Iannitto

I don't know that we independently can answer that at this time, but we're happy to consult our resources and get back to you if an answer to that is necessary.

Farah N. Louis

Councilman, we're just going to ask you to wrap up your question.