NYC Mayor Mamdani Threatens Property Tax Hike, Breaking Campaign Pledge

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New York City Mayor Zohran Mamdani is facing backlash after threatening a 9.5% property tax hike, breaking his campaign promise to only raise taxes on residents making over $1 million per year. During his mayoral run, Mamdani repeatedly vowed not to increase taxes for the majority of New Yorkers, but now says the city budget requires the property tax increase if Albany doesn't raise taxes on the wealthy.

Why it matters

Mamdani's about-face on taxes undermines his progressive credentials and campaign promises, potentially eroding trust with voters who supported him based on his pledge to shield middle-class New Yorkers from tax hikes. The proposed property tax increase could significantly impact homeowners and renters across the city, many of whom are still recovering financially from the pandemic.

The details

In a video from his mayoral campaign, Mamdani can be seen telling a 'Subway Takes' host that he would only propose tax increases on New Yorkers making $1 million or more per year. However, this week Mamdani threatened a 9.5% property tax hike if the state legislature in Albany doesn't raise taxes on the wealthy to fund the city's budget. The mayor's about-face has drawn significant criticism on social media, with many users pointing out that the campaign promise 'did not age well'.

• During his 2025 mayoral campaign, Mamdani made repeated pledges not to raise taxes on most New Yorkers.
• On February 19, 2026, Mamdani threatened a 9.5% property tax increase if Albany doesn't raise taxes on the wealthy.

What’s next

The mayor's office has not provided details on when a final decision will be made regarding the proposed property tax hike. Residents and taxpayer advocacy groups are expected to closely monitor the situation and apply pressure on city and state officials.