New York State property tax cap

  Leaders of all of the state’s local governments, as well as unions representing teachers and public workers, are warning state lawmakers not to simply renew the state’s property tax cap without some changes.

Cuomo Promotes Tax Cap Extension

Jun 3, 2015

New York Governor Andrew Cuomo is promoting extending the New York’s property tax when it expires next year.

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New York tax officials say 84 percent of municipal governments and 97 percent of school districts have maintained the 2 percent property tax cap that entitles residents to state tax credits.

Executive Deputy Tax Commissioner Nonie Manion says they’re finishing distribution of $200 million in credits to 2.5 million homeowners, with the last checks going out now.

Testifying at a legislative budget hearing, she says the credits have helped drive compliance by the schools and municipalities; the three-year program will ultimately put $1.5 billion into New Yorkers' pockets.

401(K) 2012/Flickr

Calling it the “major problem facing the state,” Governor Andrew 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.

Under Cuomo’s proposal, homeowners who pay 6 percent or more of their annual paychecks in taxes will get a credit on their tax bills. Renters will also receive an equivalent credit.

Cuomo Announces Property Tax Credit Plan

Jan 14, 2015

Governor Andrew Cuomo says he’ll address in his new budget proposal what he considers to be New York’s number one problem, highest in the nation property taxes.

Business Groups Knock Cuomo's Tax-Freeze Plan

Mar 13, 2014
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Both houses of the New York state legislature are making changes to Andrew Governor Cuomo’s tax freeze plan in their budget proposals. And now, small business groups are speaking out, saying the proposal favors some homeowners, at their expense.

Cuomo Starts New Push For Tax Freeze Proposal

Feb 27, 2014

New York Governor Andrew Cuomo is starting a new push for his property tax freeze plan, while counties in the state say they have a better idea, which they say could result in lower property taxes in New York for even longer.

BUFFALO, N.Y. (AP) — New York School districts that saw budgets fail in May will put plans up for new votes Tuesday.  Under the state's tax cap law, school districts have two chances to get budgets passed. If they fail both times, they can't raise taxes at all in the next school year.

A handful of districts are putting the same budgets on the ballot after narrow defeats the first time around.

Other districts made additional cuts in staffing and programs to reduce tax increases.

Richard Iannuzzi: Standing Up for Equity in Education

Feb 21, 2013

Many listeners of this radio station awakened recently to the news that the teachers union has gone to court seeking to have New York State’s property tax cap declared unconstitutional.

The property tax cap is, understandably, very popular.  And, as president of New York State United Teachers, I suspect our decision to challenge it will be unpopular.

Middletown NY City School District

The New York State United Teachers Union today filed suit in New York State Supreme Court in Albany to challenge the state's the 2% property tax cap enacted in June 2011.

WAMC's Brian Shields was joined by NYSUT President Richard Iannuzzi to talk about the lawsuit.  

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