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Tax reform work begins.

The Property Tax Reform Commission expects to have a proposal in place by the end of December, its chairman said last week.

Roughly 50 people, including Council Member Thomas K. Duane and industry representatives, turned out for the first organizational meeting of the newly appointed commission.

Chairman Stanley E. Grayson said they will have an aggressive hearing calendar that will include public sessions in all five boroughs. He expects to have the necessary information compiled by the beginning of December and a proposal before the end of the year.

Council Member Thomas K. Duane said he was "dismayed" that the time line is so short and would have preferred the process to have begun soon after the legislation to form the commission was passed last spring. The members, chosen by the mayor and council speaker, where only appointed last month.

"This issue is vitally important to the economic well-being of my district," he explained. "The unfair tax assessment is unbearable."

Duane was seemed unconcerned about the political problems of passing legislation that might raise taxes even slightly on single-family homes, which include brownstones in his district. "I'm not for overburdening homeowners," he remarked. "We are talking about fairness."

The state legislators are looking at the problem as a New York City issue, he said, adding, "the New York City officials will take the heat no matter what happens."

The Giuliani camp, which has taken the strong position of not raising taxes on single-family homeowners, seems to be ready to acknowledge that cooperators vote. William Grinker, a Giuliani senior policy advisor said, "We are going to have some recommendations in the housing areas. Some are proposals for cooperative relief."

If Giuliani will not raise taxes on homeowners, but is planning relief for unit owners, should apartment house owners and commercial owners start worrying?

Grinker would not be pinned to a timetable for a Giuliani proposal, but since running mate and candidate for City Comptroller, Herman Badillo, is speaking at the New York Area Realty Manager's Real Estate Congress luncheon today, some answers might be forthcoming.

Representatives from the Community Housing Improvement Program, the Rent Stabilization Association, the Real Estate Board of New York, the Council of New York Cooperatives, the Federation of New York Housing Cooperatives and the Action Committee for Reasonable Real Estate Taxes were all in attendance at the first commission meeting.

The Reform Commission Public hearing schedule is as follows:

Bronx: Tues. Oct 12 at 10 a.m. at Bronx Borough Hall in the Veteran's Memorial Hall

Staten Island: Wed. Oct 13 at 6 p.m. at New Dorp High School

Brooklyn: Thursday Oct 14 at 10 a.m. at Borough Hall in the Community Room

Manhattan: Tues. Oct 19 at 6 pm at the Public Hearing Room at City Hall (There will also be a day hearing, possibly a few days earlier.)

Queens: Wed. Oct. 20 at 10 a.m. in the Conference Room at Borough Hall; Citywide hearing: Mon. Oct 25 in Queens in Conference Room 213 at Borough Hall at 6 p.m.

Those interested in speaking can tell (212)240 6755 to sign up for any hearing and confirm the date of the Manhattan daytime hearing.
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Title Annotation:Property Tax Reform Commission develops proposal
Author:Weiss, Lois
Publication:Real Estate Weekly
Date:Oct 6, 1993
Previous Article:Court rules MCI hikes permanent: retroactivity confirmed.
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