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City announces property tax relief plans for Sandy victims

Bloomberg announces property tax relief initiatives for Sandy

Bloomberg announces property tax relief initiatives for Sandy vics. (Edward Reed/Office of the Mayor) (Credit: Bloomberg announces property tax relief initiatives for Sandy vics. Edward Reed/Office of the Mayor)

The city and state announced plans Thursday to give Sandy victims more financial relief.

Mayor Michael Bloomberg said homeowners that had storm-related property damage may apply for an interest-free extension on their property taxes. The city also plans to reimburse those homeowners to reflect the building's change of value in their tax rate.

"We want to do all that we can to ease their heavy burden," the mayor said in a statement.

There are at least 3,000 properties that are eligible for the tax extension. The tax reimbursement plan, which would be eligible for 900 properties, must get approval from the state Legislature.

Albany also lent a helping hand with a website, www.osc.state.ny.us, that can notify Sandy victims of unclaimed funds they could use to help rebuild.

More than $942 million is available for the parts of the five boroughs that the superstorm hit hardest, the state comptroller's office said.

Tags: NEWS , Michael Bloomberg , Hurricane Sandy , state Legislature , Ivan Pereira , ARTICLE , AMNY , HOLD

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