But to get more of a human perspective on what it will
mean for city residents, here's how The Related Cos. likes to explain it.
Not exact matches
Entrepreneurs are also attracted by the local economy of Troy, where the median annual income of $ 72,333 is complemented by a median housing cost of $ 1,366 a month, which
means a
resident would plan
for about 22.2 % of income
for housing, the second - lowest proportion in the top 10
cities.
This is a HUGE negative
for residents in coastal
cities like New York and San Francisco where property tax alone can be $ 18,000 a year based on the median home price of $ 1.5 M. Further, a taxable income of over $ 400,000
means a state income tax amount of over $ 26,000.
«Even if the rent increases ultimately approved are at the low end of the proposed ranges,» Nadler said, «I have many serious concerns about what this decision would
mean for the more than 1 million low - and middle - income rent - stabilized
residents of New York
City who are already facing a crisis of affordability and cost - of - living increases.»
In recent years this has
meant additional property taxes of more than $ 300,000 per year
for City of Tonawanda
residents, over $ 450,000 per year
for taxpayers in Grand Island and well over $ 800,000 added to the county property taxes of citizens of the Town of Tonawanda.
What does that
mean for New York's most vulnerable
residents, the
city's seniors?
After decades of not collecting fees or updating billing on more than a hundred special lighting districts, Syracuse is trying to update its regulation of ornamental street lights, but it
means bills
for thousands of
city resident could skyrocket.
The matching funds program is
meant to encourage New Yorkers to run
for office or help candidates rely on donations from
city residents as opposed to special interests with large pockets.
This
means that in 2010 a
city resident with a home assessed at $ 100,000 paid $ 58.80 in additional taxes to cover the costs
for city residents attending community colleges in other counties.
That
means Cuomo's process has directed $ 628.74
for each North Country
resident, but just $ 20.99
for each New York
City resident, in the last three years.
Fewer deductions
means a higher federal tax bill — especially
for Long Island, Westchester County and New York
City residents, who have some of the nation's highest property taxes.
Residents of Carson
City pay 6 % less on average
for their home insurance than the state
mean.
This
means the quality of life — and probably disposable income — is higher here than
for residents in the other
cities.
In June, Winnipeg homeowners will begin receiving their property assessments in the mail — the first in two years — which
means the director of assessment and taxation
for the
City of Winnipeg will be fielding calls from angry
residents who think their property has been overvalued.
The average stability rating
for the
cities was 49 percent,
meaning just under half of local
residents have stayed put
for half a decade.
The
city's 74.1 Walk Score is the fifth - highest in the country, which
means having a bike as a sole
means of transport is realistic
for many
residents.
The new partnership
means Healdsburg
residents once again can surrender or adopt animals, be reunited with lost animals and pay
for licensing without having to travel outside the
city.
We thank Mayor Fulop
for bringing Bike Share to Jersey
City and, as a Jersey
City resident, I look forward to taking part in this easy and convenient
means of transportation.»
Cities have enacted dark sky ordinances, which
means residents need to install shields on exterior light fixtures and restrict holiday lighting
for businesses after hours, among other measures.
Now, Waldorf is mostly a commuter town
for residents who work in Washington D.C. and is the fifth most expensive
city for car insurance in our Maryland study with rates 12 % higher than the state
mean.
Since a higher deductible
means a lower premium,
residents in Topeka may want to shop around and see their best options
for wind damage; Topeka ranks in the top 10
cities in the country
for the highest rate of extreme tornadoes per 1,000 square miles.