Tag: Property Tax

In the final hours of 2011 legislative session, as a favor to the powerful statewide teachers' union, the New York State Senate and Assembly passed a bill that would allow school districts to circumvent the state's new property tax cap by issuing bon Read More

New York State has a new law capping annual increases in local government and school district property taxes. Effective in local fiscal years starting on or after Jan. 1, 2012, the law limits the annual growth of property taxes levied by local governments and school districts to 2 percent or the rate of inflation, whichever is less. Read More

With New Yorkers preparing to vote on school budget propositions next Tuesday, the Empire Center today released the latest data for its Internet-based tool -- BenchmarkingNY’s Property Taxes by Location -- allowing taxpayers to compute and compare total school district, municipal and county tax burdens in thousands of communities across the state. Read More

In the second year of New York State’s property tax cap, proposed school district budgets will be subject to an average tax levy limit of 4.6 percent—more than double the statutory base cap of 2 percent and well above the 3 percent average limit for school budget proposals last year, according to data from the state comptroller’s office. Read More

Western New York property owners pay the state’s highest median effective tax rate, according to newly released data from the Empire Center. The internet-based tool—BenchmarkingNY’s Property Taxes by Location—allows taxpayers to compute and compare total school district, municipal and county tax burdens in thousands of communities across the state. Read More