Joseph Spector

ALBANY – New Yorkers might think the wealthy enclaves on Long Island and Westchester County pay the highest taxes in the state.

They do, but when you account for taxes compared to home values, it is the small, low-wealth communities in New York that put the highest percentage toward property taxes, a recently released report showed.

“New Yorkers pay some of the highest property taxes in the nation,” according to the report from the Empire Center, a fiscally conservative think tank in New York.

“However, property tax burdens within the Empire State differ widely.”

The highest effective tax rate in New York – the annual tax bill divided by the market value of your property – belonged to Liberty, a small village in Sullivan County with a population of less than 5,000.

It had an effective rate of $60.81 per $1,000 of estimated market value – or $9,121 on a $150,000 house, the Empire Center found.

The lowest effective tax rate in the state was $3.93 per $1,000, levied on homes and businesses in the Sagaponack school district portion of the Suffolk County town of Southampton – one of the wealthiest communities in the state.

“That low rate reflected the town’s high property values, where the latest Census Bureau data put the median home price at $626,400,” the group said.

Lloyd Harbor, another Suffolk County village, had combined annual taxes of $38,341 on a median-value home.

The lowest tax bill on a median-value home was $1,128 in the Hamilton County town of Arietta in the Raquette Lake school district.

New York has long had two issues at play: Wealthy communities pay among the highest property taxes in the nation, while upstate communities often pay the most compared to home values, which are lower than in downstate.

To combat the problem, New York installed a property-tax cap in 2011 that limits the growth in property taxes to no more than 2% a year.

The cap has worked.

Property taxes in New York rose on average 4.2% between 2005 and 2012, a report this month by Comptroller Thomas DiNapoli found.

Since then, the average increase has been 1.7%.

In the Finger Lakes, the village of Medina, Orleans County, paid the highest effective tax rate in the region at $54.69 per $1,000 of home value.

The city of Binghamton had the highest rate in the Southern Tier at $59.30 per $1,000 of home value.

The report was based on data collected annually by the state Comptroller’s Office.

© 2019 Democrat and Chronicle

You may also like

Policy analyst: Cuomo wrong to write-off nursing home criticism as political conspiracy

“The importance of discussing this and getting the true facts out is to understand what did and didn’t happen so we can learn from it in case this happens again,” Hammond said. Read More

EDITORIAL: Nursing home report requires a second opinion

No doubt, the Health Department and the governor would like this report to be the final word on the subject. But if it’s all the same with them, we’d still like a truly independent review. Read More

NY Health Department Asserts Cuomo Order ‘Could Not Be the Driver’ of Nursing-Home Deaths in the State

The New York State Department of Health has concluded that an executive order requiring nursing homes to readmit coronavirus patients, issued by Governor Andrew Cuomo, was not the driving factor behind coronavirus deaths in the state’s nursing homes. Read More

Independence of New York’s nursing home report faces scrutiny

When New York released a study absolving the state as well as nursing homes and other health care facilities of blame for the more than 6,000 COVID-related nursing home deaths, health care industry leaders quickly confirmed the state’s findings in statements issued by the administration of Gov. Andrew M. Cuomo. Read More

Health insurers ask for average 11.5% premium increase amid COVID-19 uncertainty

Health insurance companies regulated by the state are waiting to hear back about their requests for 2021 rate changes for premium holders. The companies, like nearly every other industry, face many uncertainties due to the COVID-19 pandemic, and their requests vary widely. Read More

Hammond: We Need To Learn What Happened In Nursing Homes

Why did more than 6,000 nursing home residents die in New York during the height of the coronavirus pandemic? Read More

NY’s ‘cash out’ policy has survived a lot. Can it outlast the pandemic?

With the pandemic damaging the economy, fiscal experts question whether New York will continue to sustain a generous policy that lets police, teachers and other public employees cash in unused vacation, sick and other paid days off when they leave a job — or whether the system has become so ingrained in politics that it’s considered off limits no matter what. Read More

Lawsuit may hold MTA in violation of Freedom of Information Law over payroll disclosure

The Empire Center for Public Policy plans to take the Metropolitan Transportation Authority to court for allegedly violating the Freedom of Information Act for failure hand over payroll records of MTA cops to the government transparency group. 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
Fax: 518-434-3130
E-Mail: info@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.