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NYC does have something like that now. Both homeowners and renters are eligible for a property tax credit. But the rent credit is only available if rent is less than $450/mo, which is... impossibly low.


450. Yikes that reads as pretty out of date/touch.

For those wondering here is zillow returning zero results under those conditions: https://www.zillow.com/homes/for_rent/New-York-NY/house,cond...

Also making a tax credit like that without a gradient produces some pretty nasty effects.


The odd thing is that the credit is fairly new - IIRC, within just the last few years.




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