No Property Taxes on Paid-Off Primary Homes — And Here’s How We Pay for It
New York has a serious problem:
We punish stability.
If you work your whole life, pay off your home, and finally reach a point of security — the state still taxes you like you’re renting from Albany forever.
That’s wrong.
The Policy
• No property taxes on paid-off primary residences
• Applies only to:
• Your primary home
• One property
• Fully paid off (no mortgage)
• No loopholes for investors, landlords, or second homes
This rewards responsibility, protects seniors, and lets families stay in their homes.
āø»
“But how do we pay for it?”
We stop taxing stability — and start taxing tourism, entertainment, and voluntary spending.
The Solution: A Coney Island Entertainment & Casino District
Not scattered casinos.
Not backroom deals.
A planned, regulated, competitive district.
• 5 destination-style casinos (MGM, Hard Rock, Caesars, Bally’s, etc.)
• Built into Coney Island, not residential neighborhoods
• Fully integrated with:
• Hotels
• Restaurants
• Entertainment
• Transit
• Local small businesses
āø»
The Numbers (Conservative & Realistic)
• Casino tax revenue: ~$2.5–4B/year
• Spillover economy (jobs, sales tax, hotels, income tax): ~$1.5–3B/year
Total public revenue: ~$4–7B annually
That matches what NY loses by ending property taxes on paid-off homes
This isn’t a gamble — it’s revenue substitution.
āø»
Jobs. Stability. Brooklyn Wins.
These destinations don’t run themselves.
They create:
• Union construction jobs
• Hospitality jobs
• Security jobs
• Tech & operations jobs
• Transit & maintenance jobs
• Small business growth around them
This stabilizes Brooklyn and strengthens NYC — without pushing people out of their homes.
āø»
The Philosophy
If you’ve already paid for your home,
the state should stop charging rent on your life.
Let New York:
• Protect homeowners
• Keep seniors in place
• Create jobs
• Grow tourism
• Shift taxes away from families and onto entertainment
That’s how you build a BETTR New York — fair, stable, and honest.
New York has a serious problem:
We punish stability.
If you work your whole life, pay off your home, and finally reach a point of security — the state still taxes you like you’re renting from Albany forever.
That’s wrong.
The Policy
• No property taxes on paid-off primary residences
• Applies only to:
• Your primary home
• One property
• Fully paid off (no mortgage)
• No loopholes for investors, landlords, or second homes
This rewards responsibility, protects seniors, and lets families stay in their homes.
āø»
“But how do we pay for it?”
We stop taxing stability — and start taxing tourism, entertainment, and voluntary spending.
The Solution: A Coney Island Entertainment & Casino District
Not scattered casinos.
Not backroom deals.
A planned, regulated, competitive district.
• 5 destination-style casinos (MGM, Hard Rock, Caesars, Bally’s, etc.)
• Built into Coney Island, not residential neighborhoods
• Fully integrated with:
• Hotels
• Restaurants
• Entertainment
• Transit
• Local small businesses
āø»
The Numbers (Conservative & Realistic)
• Casino tax revenue: ~$2.5–4B/year
• Spillover economy (jobs, sales tax, hotels, income tax): ~$1.5–3B/year
Total public revenue: ~$4–7B annually
That matches what NY loses by ending property taxes on paid-off homes
This isn’t a gamble — it’s revenue substitution.
āø»
Jobs. Stability. Brooklyn Wins.
These destinations don’t run themselves.
They create:
• Union construction jobs
• Hospitality jobs
• Security jobs
• Tech & operations jobs
• Transit & maintenance jobs
• Small business growth around them
This stabilizes Brooklyn and strengthens NYC — without pushing people out of their homes.
āø»
The Philosophy
If you’ve already paid for your home,
the state should stop charging rent on your life.
Let New York:
• Protect homeowners
• Keep seniors in place
• Create jobs
• Grow tourism
• Shift taxes away from families and onto entertainment
That’s how you build a BETTR New York — fair, stable, and honest.
š No Property Taxes on Paid-Off Primary Homes — And Here’s How We Pay for It
New York has a serious problem:
We punish stability.
If you work your whole life, pay off your home, and finally reach a point of security — the state still taxes you like you’re renting from Albany forever.
That’s wrong.
ā
The Policy
• No property taxes on paid-off primary residences
• Applies only to:
• Your primary home
• One property
• Fully paid off (no mortgage)
• No loopholes for investors, landlords, or second homes
This rewards responsibility, protects seniors, and lets families stay in their homes.
āø»
ā “But how do we pay for it?”
We stop taxing stability — and start taxing tourism, entertainment, and voluntary spending.
š” The Solution: A Coney Island Entertainment & Casino District
Not scattered casinos.
Not backroom deals.
A planned, regulated, competitive district.
• 5 destination-style casinos (MGM, Hard Rock, Caesars, Bally’s, etc.)
• Built into Coney Island, not residential neighborhoods
• Fully integrated with:
• Hotels
• Restaurants
• Entertainment
• Transit
• Local small businesses
āø»
š° The Numbers (Conservative & Realistic)
• Casino tax revenue: ~$2.5–4B/year
• Spillover economy (jobs, sales tax, hotels, income tax): ~$1.5–3B/year
ā”ļø Total public revenue: ~$4–7B annually
ā”ļø That matches what NY loses by ending property taxes on paid-off homes
This isn’t a gamble — it’s revenue substitution.
āø»
š·āļø Jobs. Stability. Brooklyn Wins.
These destinations don’t run themselves.
They create:
• Union construction jobs
• Hospitality jobs
• Security jobs
• Tech & operations jobs
• Transit & maintenance jobs
• Small business growth around them
This stabilizes Brooklyn and strengthens NYC — without pushing people out of their homes.
āø»
āļø The Philosophy
If you’ve already paid for your home,
the state should stop charging rent on your life.
Let New York:
• Protect homeowners
• Keep seniors in place
• Create jobs
• Grow tourism
• Shift taxes away from families and onto entertainment
That’s how you build a BETTR New York — fair, stable, and honest.
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