Are they gonna suspend property taxes too?

[Polybius]

A couple of things. First, I live in NYC. I am a tenant and have a landlord. They have suspended mortgage payments, so that landlords can let the rent slide for April.

However, I am still worried that my landlord will need the rent from me, because her house is paid for. Suspending mortgages does nothing for her. They need to do something about her $5,000 a year property taxes. Will they be doing it?

She might say "Pay me back later." But making up a whole month (or more) of rent is staggering to me. The government needs to order rent waived for April, at least to those who have lost their jobs or have had their hours severely cut.

[Jersey Devil]

1. Where are mortgage payments suspended?

I think you might be wrong about that.

[Polybius]

3. No, it's true in NY

https://www.forbes.com/sites/zackfriedman/2020/03/19/mortgages-coronavirus/#7706d1001df4

[Jersey Devil]

6. Thanks - btw, I agree about also stopping rent

But even if rent is not stopped legally I doubt very much that any judge would evict a tenant for nonpayment of rent due to the fact that a tenant was out of work for coronavirus. As for taxes, in most places property taxes are paid either quarterly, semi-annually or annually (here in NC). I belive NY pays quarterly, which means a landlord would have until the end of May to pay 2nd quarter taxes

[Polybius]

7. You're right, but I know how my landlord works

She's wonderful but cheap. She's not gonna throw me out, but even if NY says not to take rent money, she's gonna still say "You just got that $1,000. Can you please give me a third or half of the rent? You can give me the rest later."

She's never going to say "just skip April" unless they suspend her property taxes a Verizon, her gas/electric/water companies all say that April is on them. Only then will she say April free, if that. My $1,000 check is gone before it even came.

[Amishman]

4. It is on our wish list for legislation, but I don't think it is more than that

but yes, they will need to grant property tax relief, especially in states with high property taxes like PA. And by relief, I don't mean payment extensions, I mean reducing what people will actually pay for this year.

[panader0]

2. Property taxes are my biggest single yearly expenditure.

I am on SS and the taxes go up more than the slight increase I get.
The taxes take my entire monthly check, twice a year.

[Polybius]

5. Property taxes are the one thing I'm not liberal on

And I'm pretty far-left on everything. I just feel that if your house is worth under a certain amount (say $800,000 in NY), you should not pay a dime. Perhaps we can make up for this by charging more on million dollar plus homes.