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Socialist New York City mayoral candidate Zohran Mamdani wants to hike property taxes for “richer and whiter neighborhoods” in an eyebrow-raising proposal that aims to ease the burden on homeowners in the outer boroughs. The soak-the-rich proposal is buried in Mamdani’s campaign platform that calls to fix the city’s notoriously skewed property tax system, in which ritzy brownstones are hit at lower rates than homes and rentals in lower-income neighborhoods. “Shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods,”...

So, you've finally bought your dream home.With still-high home prices and mortgage rates, it probably cost you a pretty penny.You might think you're in the clear — but not quite. Property taxes are another major expense to keep in mind. For new US homeowners, the property tax sticker shock can be real. And if you've owned your home for years, you've most likely seen your tax bill steadily climb. Property taxes — which are based on a home's assessed value — can fall or rise over time because of several...