Issues: Property Tax

SENATE PASSES HISTORIC PROPERTY TAX LEVY CAP LEGISLATION: BILL ALSO PROVIDES FOR MANDATE RELIEF

     The New York State Senate passed historic property tax relief legislation that enacts a cap on the growth of local property taxes. The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.

June 27, 2011
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SENATE PASSES PROPERTY TAX CAP LEGISLATION

State Senator Hugh T. Farley (R, C, I - Schenectady) announced that he and his colleagues in the New York State Senate passed property tax relief legislation that enacts a cap on the growth of local property taxes.

The bill (S.5856) will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.

This tax levy cap would shift the focus from total spending to the actual property taxes levied to support school district and local government expenses. The bill includes the following provisions:

June 27, 2011
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Statement

State Senator Michael H. Ranzenhofer has issued the following statement:

“The State Senate passed historic legislation last night to make New York the 44th state to cap property taxes.  A cap will stop property taxes from spiraling out of control and prevent homeowners from being taxed out of their homes. But in order for the cap to work, mandate relief will be needed.”

“That is why the State Senate also took the first steps to begin to provide $127 million in much needed mandate relief for school districts and municipalities. The act also sets up a Mandate Relief Council to establish a procedure to repeal unfunded mandates.”

June 25, 2011
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Senate Passes Property Tax Cap Legislation

"Historic Moment" For WNY Homeowners And Businesses

Senator Patrick M. Gallivan (R,C,I – 59th District) announced this evening that the State Senate has passed landmark legislation to finally provide Western New York families and businesses with meaningful property tax relief – instituting a local property tax cap of two percent or the rate of inflation, whichever is less.

June 24, 2011
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LANDMARK PROPERTY TAX CAP MEASURE BECOMES LAW

ALBANY – Senator Catharine Young (R,C,I – Olean) today announced a historic victory for the taxpayers of New York State, as the State Legislature adopted landmark legislation to establish the State’s first ever cap on property taxes.

June 24, 2011
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Statement From Senator Lee M. Zeldin RE: Property Tax Cap

"Tonight I am very proud to have voted to enact a strong property tax cap that will limit the growth of school and local government property taxes at two percent or the Consumer Price Index (CPI), whichever is less.  The number one issue in the Third Senate District is property taxes.  We need property tax relief in the 3rd Senate District and this legislation is an important next step towards controlling our increasing property tax costs.  

As I have repeatedly said, we need to find a more cost effective way to deliver a quality education for our school children. 

June 24, 2011
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Senate Passes Property Tax Cap Legislation

SENATE PASSES HISTORIC PROPERTY TAX CAP LEGISLATION Bill Also Provides for Mandate Relief The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes. The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.

June 24, 2011
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SENATOR NOZZOLIO ANNOUNCES UNPRECEDENTED PROPERTY TAX CAP AND MANDATE RELIEF ENACTED BY STATE LEGISLATURE

New York State Senator Mike Nozzolio today announced a historic victory for the taxpayers of New York State, as the State Legislature adopted legislation he fought aggressively to enact that establishes the State’s first ever cap on property taxes.

June 24, 2011
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Senate Passes Historic Property Tax Cap Legislation

ALBANY,  06/24/11 - The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes.

“Property taxpayers in New York State are tapped out,” said Senator Seward.  “Enacting a property tax cap is a commonsense approach that will provide significant savings and help families and senior citizens afford to stay in their homes.

“Our small business owners, and in particular, our farmers, who are crumbling under the burden of out of control property taxes, will also receive much needed relief.  Now, instead of agonizing over skyrocketing tax bills, our business leaders can turn their attention to creating jobs and reviving our economy.”

June 24, 2011
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Senate Passes Historic Property Tax Cap Legislation

The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes. The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.

June 24, 2011
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Senator Fuschillo Votes "Yes" to Capping Property Taxes

Senator Fuschillo votes "yes" on legislation to cap property taxes in New York State. The legislation was passed by the Senate and Assembly and signed into law by the Governor.

Click here to read more about New York State's new property tax cap.

June 24, 2011
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SENATE PASSES LEGISLATION TO ESTABLISH FIXED SCHOOL TAX RATE FOR SENIORS

    The New York State Senate today passed legislation, sponsored by Senator Kenneth P. LaValle (R-C-I, Port Jefferson), that would establish a fixed real property school tax rate for seniors who are eligible for the enhanced STAR exemption, providing much needed tax relief to hundreds of thousands of seniors throughout New York State.

June 20, 2011
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LaValle Bill Capping Seniors' School Taxes Passes Senate

New York State Senator Kenneth P. LaValle said his bill capping school taxes for eligible senior citizens older than 70 years of age has passed the New York State Senate and will now go to the Assembly.

This bill amends the real property tax law by establishing a fixed real property school tax rate for persons 70 years of age or over who meet the requirements for the enhanced STAR exemption. Under the bill, residential real property owned and occupied by individuals who are 70 years of age or over; or by husband and wife, one of whom is seventy years of age or over and meets each of the requirements for the enhanced STAR exemption, will be eligible for a fixed real property school tax rate.

June 20, 2011
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SENATE PASSES LEGISLATION TO HELP END ABUSE BY NON-PROFITS OF TAX EXEMPT LAND LAWS

State Senator John J. Bonacic today announced the passage by the full Senate of legislation (S.2544) to stop land banking by non-profit organizations. 

June 17, 2011
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LaValle And Thiele Announce New Legislation Increasing Veteran Property Tax Exemptions

New York State Senator Kenneth P. LaValle and New York State Assemblyman Fred W. Thiele, Jr. (I, D, WF-Sag Harbor) were joined today by Southampton Town Supervisor Anna Throne-Holst to announce the introduction of new State Legislation which would allow municipalities to increase the maximumproperty tax exemptions under the alternative veteran’s exemptions.

A.8186/S.5597 would further amend the Real Property Tax Law by providing exemptions to veterans which more appropriately reflect the recent rise in real property values. Under the proposed legislation the new cap for wartime veterans would increase from $54,000 to $75,000; from $36,000 to $50,000 for combat veterans; and, from $180,000 to $250,000 for disabled veterans.

June 9, 2011
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Tax Lien Assistance Outreach Event

Tax Lien Assistance Outreach Event

Sponsored by NYS Senator Joe Addabbo, NYS Assembly Member Mike Miller

and NYC Council Member Elizabeth Crowley.

July 6, 4:00 PM - 7:00 PM
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Electric rate hikes zapped after law passed

Queens Times Ledger wrote about the rescinded FERC rate increase and quoted Senator Gianaris in the article.

The threat of a spike in electrical rates died a two-pronged death last week.

The Federal Energy Regulatory Commission had come under fire for its January decision to allow city power generators to enact a large increase for their rates during peak electrical times. The agency believed the power companies faced steep property taxes when in actuality they received significant abatements. The FERC ruling could have caused city residents’ electrical rates to shoot up by 12 percent.

Days after the state Legislature passed a law last week to prevent the planned hike from being passed to those residents, FERC undid its decision.

May 26, 2011
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Statement by Senate Majority Leader Dean Skelos on Property Tax Cap

Almost four months ago the Senate passed the hard property tax cap legislation proposed by Governor Cuomo.  Since then, Senate Republicans have advocated every day for the enactment of a strong property tax cap. Other than the sunset provision and minor technical issues, we have reached a three-way agreement on a bill that achieves our goals and includes 95 percent of the bill we already passed and will finally put the brakes on skyrocketing property taxes. This agreement maintains the maximum two-percent increase threshold on the total tax levy, as well as the 60 percent level necessary for school district voters to override the cap that were included in the original legislation passed by the Senate.  

May 24, 2011
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SENATE PASSES BILL THAT WOULD AMEND PROPERTY TAX INSTALLMENT PAYMENTS

School Board Would Determine the Percentage of the Installment 

Senator John A. DeFrancisco (R-I-C, Syracuse) announced today that his bill (S3110), which would authorize local school boards to determine the amount of an installment payment for school taxes, has been passed by the New York State Senate. 

“The amended Senate Bill allows local school boards to pass a resolution that would allow the receiver of taxes in a municipality to accept payments smaller than 50 percent of the tax bill as a first payment, instead of turning away them away,” said Senator DeFrancisco. 

The current law requires that at least 50 percent of the total tax bill be paid in the first installment, and the bill must be paid in three installments. 

May 24, 2011
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