NEW YORK (AP) - New York Governor Andrew Cuomo is signing legislation that gives property tax relief to victims of Superstorm Sandy.
Previously, if Sandy-related repairs increased the value of their homes, the homeowners were taxed at a higher rate.
Some said they’d be forced to sell their homes due to the higher taxes.
The law now provides an abatement for them.
The bill should save homeowners $4 million.
It was proposed by Mayor Bill de Blasio, who joined Cuomo at the bill signing ceremony Thursday on Staten Island.
The legislation received bipartisan cheers from both City Council Speaker Melissa Mark-Viverito, a Democrat, and Council Minority Leader Vincent Ignizio, a Republican.
The abatement will go into effect in time for July’s property tax bills.
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