New York State property tax cap

New York News
6:59 pm
Mon February 9, 2015

Most Municipalities, School Districts Followed Tax Cap

Credit Pixabay

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.

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New York News
6:10 pm
Wed January 14, 2015

Cuomo Introduces Property Tax Credit Plan

Credit 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.

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New York News
12:52 pm
Wed January 14, 2015

Cuomo Announces Property Tax Credit Plan

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.

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New York News
6:06 pm
Thu March 13, 2014

Business Groups Knock Cuomo's Tax-Freeze Plan

Credit alh1/flickr

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.

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New York News
6:06 pm
Thu February 27, 2014

Cuomo Starts New Push For Tax Freeze Proposal

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.

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New York News
4:53 pm
Mon June 17, 2013

NY School Districts Ready For Budget Re-votes

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.

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Commentary & Opinion
3:43 pm
Thu February 21, 2013

Richard Iannuzzi: Standing Up for Equity in Education

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.

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New York News
12:37 pm
Wed February 20, 2013

Richard Iannuzzi - Taking New York's Tax Cap to Court

Credit 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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New York News
12:35 pm
Wed May 9, 2012

Tim Kremer - executive director, the New York State School Boards Association

School budget votes will be held across New York next Tuesday, and this will be the first year that districts must comply with the state’s new two percent property tax cap. Most of the school budgets to be decided next week are within the cap, but school officials say it will come at a cost. WAMC’s Brian Shields spoke with Tim Kremer, executive director of the New York State School Boards Association.

New York News
12:00 pm
Wed March 28, 2012

Midday Magazine - Tim Kremer, New York State School Boards Association

As some education advocates praise the additional school funding announced as part of the New York State budget agreement, schools must now work through their own budgets, while, for the first time, considering the state’s 2 percent property tax cap.

WAMC’s Patrick Donges spoke to Tim Kremer, executive director of the New York State School Boards Association, on the fiscal future of New York’s schools in the wake of yesterday’s budget agreement.