So Did They Tax the Rich? How NYC Dodged a 9.5% Property Tax Hike

The Mayor has taken a nerve-inducing property tax hike on homeowners off the table. The racial implications of raising property taxes in a housing market that has changed substantially over the past 50 years, and now has higher property values in many predominantly Black and Brown neighborhoods, could have been dire. Guest: Rita Jefferson, tax analyst, Institute on Taxation and Economic Policy