Bloomberg NYC Property Tax Change Seen Yielding $4 Billion Windfall The city average for homeowners is 0.8 percent, according to a report prepared for the CBC by Andrew Hayashi, a professor at the University of Virginia’s School of Law. http://service.meltwaternews.com/mnews/redirect.html?docId=3310277323&userId=1676096&cId=461430&agentId=622379&type=2&s=20&url=http%3A%2F%2Fwww.bloomberg.com%2Fnews%2F2014-03-10%2Fnyc-property-tax-change-seen-yielding-4-billion-windfall.html