Tag: Property Tax

New York's local property tax cap would be made permanent under the Senate Republican version of a new state budget. From the taxpayers' perspective, it's very encouraging to see the Senate make a high-profile move to line up on this issue beside Gov. Cuomo, who already has promised to seek the cap's permanent enactment. Read More

This community in the Adirondack foothills has two churches, one diner, a museum of rural memorabilia, the only covered bridge in Saratoga County and the Plateau Sky Ranch, a private airport. It doesn’t have a bank or a pizzeria, and there are no doctors or dentists. There are no public water or sewer systems in its 60-square miles, and just 16 street lights. Edinburg, though, is where the low taxes are—the lowest rates for a town with its own school district in upstate New York. Read More

"It's not surprising that they are looking to gut the cap," said E.J. McMahon, executive director of the fiscally conservative Empire Center for Public Policy in Albany. "It's having a real effect on their spending patterns, and they don't like it." Read More

Calling it the "major problem facing the state," Governor Cuomo announced a plan to reduce New York’s highest in the nation rate of property taxes for some homeowners. But the program was not received with open arms by everyone. Read More