The Finance Department recently announced that property values went up in the city... which also means property taxes will go up. A Queens resident complained on Mayor Bloomberg's WOR show that Bayside property values zoomed up 50-100%, "It's making the taxes absolutely unaffordable. Nowhere in the city were the assessed values doubled. They targeted this area." Bloomberg didn't think Bayside was targeted, but added that "in some areas they haven't assessed for a long time." Example: Bloomberg's East 79th Street townhouse went up in value from $11 million to $16 million (luckily he has billions to pay his property taxes!).