Exclusive - Syracuse’s unfair property tax system hurts poor the most; here’s what can be done - Syracuse.com
Houses in prosperous neighborhoods have gained value much faster than homes in poor neighborhoods. Assessments have not kept pace. That means some of the city’s wealthiest homeowners pay hundreds of dollars a year less than they should, year after year.
The system is hardest on poor neighborhoods, Syracuse.com’s analysis found. The city is often slow to drop assessments in stagnant or declining areas, leaving owners paying too much. That heaps stress on residents who may already struggle with the tax bill.