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Story summary
- New York City homeowners and landlords face rising property taxes as Mayor Zohran Mamdani proposes a rent freeze for regulated units.
- Humberto Lopes criticized the plan, saying it could raise taxes on market-rate properties.
- The Department of Finance reported 4.7% increases for single-family homes and 6.2% for larger properties.
- The Mamdani administration denied tax rate hikes, but cited rising property values from economic growth.
