Albany and Binghamton topped the list for property taxes in the 2014 update of Benchmarking New York, the Empire Center web tool that connects users with tax, spending and debt data from local governments outside New York City.

Albany had the highest effective property tax rate, 1.22 percent, among the five largest cities, while Binghamton’s 2.51 percent effective tax rate was the highest among all cities.

The update features data collected by the Office of the State Comptroller for local governments’ 2013 fiscal years. Other key findings include:

  • Among cities, White Plains had the highest per capita taxes at $1,898 and the highest per capita spending at $3,716. The Finger Lakes city of Geneva had the highest per capita debt at $3,318.
  • The Southern Tier town of Alma had the highest effective town tax rate at 1.69 percent.
  • The Long Island town of Oyster Bay, which last week passed a budget that reportedly hiked taxes 8.8 percent, had the highest per capita debt and spending of New York’s towns with more than 100,000 residents.
  • Allegany County residents paid the highest county property tax rate at 1.56 percent, while Lewis County had the highest per capita spending and Nassau County had the highest per capita debt.

“New Yorkers are paying some of the highest property taxes in the country, and Benchmarking New York is a powerful tool that lets them see exactly how their taxes compare to those in other communities,” said Tim Hoefer, executive director of the Empire Center. “While Albany mandates are responsible for a substantial amount of local government spending, some localities are making better choices than others. New Yorkers deserve to know how their town, city, village or county stacks up, and with Benchmarking New York, they can find out.”

The Benchmarking tool is available at seethroughny.net/benchmarking-ny.

Contact:
Ken Girardin
kgirardin@empirecenter.org
518-434-3100

You may also like

Six-figure NYSLRS pensions quadruple in ten years

The number of New York State and Local Retirement System (NYSLRS) retirees eligible for six-figure pensions quadrupled over the last seven years. Read More

$68 Million in DASNY Pork Projects Range from Recreation to Legislative Drafting

A total of $68 million in grant awards was steered to 276 local projects between November 2021 and March 2022 by the Dormitory Authority of the State of New York Read More

Average Pay Spiked at Port Authority in 2021

Average pay for Port Authority of New York and New Jersey (PANYNJ) employees increased nearly 10 percent last year, to $123,000. Read More

Over 700 MTA Employees Earned More in OT than Regular Pay in 2021, Data Show

More than 300 employees were paid at least $100,000 in overtime and at least 734 earned more in overtime than in regular pay at the MTA last year Read More

Legislative Spending Unevenly Divided Among Members

Spending by state lawmakers on office personnel and administrative costs varies widely, with some paying out nearly twice as much as others Read More

State OT, Salaries Up in 2021

Overtime pay for state employees rose to nearly $1 billion, and salaries increased by six percent during the 2021 calendar year, according to data posted today to SeeThroughNY.net Read More

Public School Retiree Pensions Set New Record

Average pension benefits for newly retired public educators outside New York City reached a record high last year Read More

State of the State Reactions: Will This Bring New Yorkers Back?

The Empire Center for Public Policy offered the following reactions to Governor Hochul’s first State of the State address. Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100

General Inquiries: Info@EmpireCenter.org

Press Inquiries: Press@EmpireCenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

Empire Center Logo Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!