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How Mamdani’s Income and Property Tax Proposals Could Affect New Yorkers

Mayor Zohran Mamdani has now proposed two options that called for raising taxes. Here’s a look at each proposal and the rationale and chances for each.

© Seth Wenig/Associated Press

Mayor Zohran Mamdani has proposed raising the property tax rate in New York City as a “last-resort” option in case state officials do not raise taxes on high earners.
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