Issues: Property Tax

Senate Democrats oppose unfunded mandates, plain and simple. And we'll work this year on an integrated proposal on cost-savings for school districts and local governments together with property tax relief for hard-pressed taxpayers. 

Senator Kenneth P. LaValle has introduced legislation to convene a limited constitutional convention for the purpose of providing a process that would bring about real property tax reform.  Homeowners and businesses are overburdened by ever-increasing property taxes and can no longer afford to stay in New York

In light of their shared concern on Upstate and Suburban property taxes, healthcare and education, the Senate Majority Upstate Caucus (Senators Aubertine, Chair; Breslin; Stachowski; Thompson; Valesky) has partnered with the Senators from Long Island, Senators Brian X Foley and Craig Johnson to steer DRP negotiations sensitive to the anticipated impact of the Governor’s proposed cuts throughout Upstate and Long Island.

New York State’s property tax crisis has reached the point where not only the property taxes New Yorkers pay have become sources of significant fiscal stress, but so have the system’s relief measures. Senator Liz Krueger (D-Manhattan) notes that, according to the New York State Office of Real Property Services, between 2000 and 2008, the total equalized exempt value of property statewide rose 80 percent from $441 billion to $797 billion.