Tag: Property Tax

He didn't use the phrase himself, but the property tax credit unveiled yesterday by Governor Andrew Cuomo is of the type commonly known as a "circuit breaker." Like an electrical switch designed to automatically prevent a power overload, a circuit breaker tax credit is supposed to kick in when homeowners' property tax burdens overload their ability to pay. Cuomo's proposal would not represent a property tax cut but a means-tested state personal income break -- available only to some homeowners, and not available to owners of commercial, industrial or multi-family properties, which pay a hefty share of local taxes. Read More

New York continued to impose one of nation's highest state and local tax burdens relative to income during fiscal 2012, according to data released today by the US Census Bureau. Read More

Long Island’s towns and cities paid their workforce less in 2013 than in 2012, with payrolls totaling $692 million — a 4.7 percent decline from $726.5 million the previous year, a Newsday database shows. Read More

The City of Binghamton is one of the highest taxing cities in New York State. That's according to the Empire Center for Public Policy, which said the city's 2.5 percent effective tax is the most when compared to local governments outside of New York City. Read More

White Plains last year had the highest total taxes per capita among cities in New York, while Binghamton had the highest effective property-tax rate in the state, a review Monday found. Read More

New York State residents pay some of the highest local taxes in the nation. To help New Yorkers compare some of the basic fiscal measures for local governments, the Empire Center for Public Policy has calculated effective property tax rates and per-capita values for the spending, debt and tax levels of counties, cities, town and villages throughout the state, excluding only New York City. Read More

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. Read More

Local governments in New York are preparing their budgets for the new year facing a strain from state-mandated costs and pressure to comply with a property-tax-rebate program. Read More