Gov. Andrew M. Cuomo and state legislative leaders would have you believe that they just approved "property tax cuts for homeowners," as described in their joint announcement of an end-of-session deal last week. Don't believe them. Read More
Tag: Property Tax
E.J. McMahon thinks it’s more about bolstering talking points for state lawmakers. “This is reverse-engineered from the press release they wanted to issue, which is: ‘We did property tax relief,’ ” said McMahon, president of the fiscally conservative watchdog Empire Center for Public Policy. Read More
The Empire Center argues that the tax cap as it is written now is working and should be made permanent. E.J. McMahon, the president and founder of the Empire Center, makes the case for the cap. McMahon will also discuss new data on firefighter pensions. Read More
EJ McMahon, president of the right-leaning Empire Center for Public Policy, said the rebate plan was an electioneering gambit, and that the money would be better used to finance infrastructure improvements, deferred pension contributions or provide tax relief to all New Yorkers, including commercial property owners and renters, who won't qualify for a Son of STAR check. Read More
Gov. Andrew Cuomo and state lawmakers are planning to cut $185 checks next year for thousands of Upstate homeowners who already qualify for school tax breaks. Read More
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