New York Property Tax Cap Still in Limbo
June 24, 2011
A bill before the New York state legislature to cap property tax increases at 2% a year, while still in play, seems stalled amid a contentious session in Albany. Despite a schedule that called for the legislature to adjourn four days ago (and wide agreement on the general outline of the bill), Empire State lawmakers have been unable to reach a final consensus as previously predicted.
The property tax cap, a top issue both for Gov. Andrew Cuomo (D) and Senate President Dean Skelos (R-Nassau County), is also supported by a strong majority of New Yorkers, according to a recent Quinnipiac poll. Opposition has come mainly from local government officials and public employee unions, such as New York State United Teachers, which has claimed that a cap would “devastate public education” by limiting the ability of local school districts to raise revenue.
As many media outlets have noted, New York’s counties have unusually high property tax burdens. When measured as a percentage of home value, all of the top 15 counties in the U.S. are located in New York. Readers curious about property taxes in their own county can run the numbers with the click of a mouse at the Tax Foundation’s handy Property Tax Data Tool.