I have been a champion on the ground in the fight for our city to end tax lien sales. Property taxes have high interest rates for late payments, and this needs to be changed permanently. Owners of property with an assessed value of over $250,000 can pay up to to 18% on late payments –this is outrageous! There’s $13 billion dollars of payments due on January 4, 2021. Legislation will most likely pass extending the deadline, but the truth is, it is inevitable that many will become delinquent. We are still in the middle of a pandemic, and it may take years for our residents to bounce back financially.
Brooklyn properties have skyrocketed over the last few years, and our residents see and feel the effects of these tax lien sales. Many in our community have lost their homes throughout the years or have been stuck in crippling debt that has taken away resources from their families.
We must continue to fight against policies that do not benefit us, the constituency.
I have joined various coalitions throughout the years to fight against this process, which is hurting the same constituents that once elected, we have a duty to protect. As Brooklyn Borough President, I will be a representative and advocate for the people of this great borough.
“The lien sale is a draconian process that allows the city to sell off property tax and water AND sewer debt to a nonprofit trust — a predatory debt collector that charges usury interest rates of 18% and tacks on thousands of dollars in legal fees”. – Daily News
Vote Rob Ramos For Brooklyn Borough President!