In 2010, the median property tax paid in Monroe County was $4,035 — almost twice as much the national median of $2,043. In fact, Monroe County real estate taxes as a percentage of home value ranked second highest in the nation out of 806 counties. The same is true across the region. The median property tax paid in Livingston and Ontario counties each exceeded $3,000. Read More
ALBANY – New York's tax cap limits the growth in property taxes to 2 percent a year or the rate of inflation, whichever is lower. So next year, because of low inflation, the tax cap could be Read More
Don't look now, but given current inflation trends, next year's school property tax cap may be ... zero! That's the message of a statement released last week by the Educational Conference Board (ECB), a coalition of groups representing public school administrators, school boards and—last but hardly least—the New York State United Teachers (NYSUT) labor union. The ECB's "warning" was meant as an inside-the-Albany-bubble scare tactic, but for most New Yorkers, it's good news: further confirmation that the tax cap is working exactly as intended. Read More
A couple of years ago, when New York’s property tax cap had been through only one school-budget cycle, many people were ready to give the cap a thumbs-down. In an RBJ Daily Report Snap Poll conducted at the time, nearly 60 percent of respondents disagreed with Gov. Andrew Cuomo’s assessment that the law was a “tremendous success.” That was then. Read More
Nearly 60 percent of respondents to this week’s RBJ Daily Report Snap Poll say New York’s property tax cap should be made permanent. Another 31 percent would support that move if it were tied to mandate reform. Read More
Since the state’s property tax cap was enacted a few years ago, local leaders’ expectations on how much they can squeeze folks have been properly adjusted. The tax cap is accomplishing its goal of reining in runaway property tax increases, and should be extended. Read More
As the state legislative session draws to a close, Gov. Cuomo and the state Democratic Committee are launching an online media campaign to push for an extension of his landmark property-tax cap. It’s easy to understand why: Unlike many highly touted policy reforms, the tax cap’s actually working. Which is why it should be made permanent. Read More
In 2011, New York enacted a on annual local property tax levies. A revealed that school property taxes have grown at an average annual rate of 2.2 percent per year in the four years since the cap was created, down from 6 percent per year in the thi Read More