Issues: Property Tax

Legislation aims to keep New Yorkers in their homes

ALBANY, N.Y. – Senator Timothy M. Kennedy, D-58th District, announced that a historic legislative package to help reduce the state’s property tax burden and keep New York affordable has passed in the Senate and Assembly.

The legislation, which passed Friday, contains proposals that Senator Kennedy has been pushing since taking office, including a property tax cap and mandate relief measures.

On Friday night, June 24, the New York State Senate passed landmark legislation that was negotiated between the Senate, Assembly and the Governor. The new law will call for a 2 percent tax cap on municipalities and school districts to ease the property tax burden for taxpayers across the state. A significant part of the legislation was mandate relief that Senator Jack M. Martins, chair of the Senate Standing Committee on Local Government, fought to include as part of the tax cap bill.

Mandates handed down from the state on school districts and local governments, which are not funded by the state, are ultimately passed on to the taxpayers. Easing some of these burdens will help bring tax relief to Long Island property owners.

     Senator John Flanagan (2nd Senate District) proudly voted in favor of a historic property tax relief legislation that enacts a cap on the growth of local property taxes.  The bill will provide taxpayers of Long Island with the property tax relief they need by limiting the growth of school and local taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower.

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.

As the hours of this legislative session wound down, the New York State Senate The New York passed an historic property tax relief legislation that enacts a cap on the growth of local property taxes. The bill, which includes both the tax cap and mandate relief, has been signed into law by the Governor.

The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos and co-sponsored by Senator Jack M. Martins, 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.

Griffo Hails Senate Passage of Property Tax Cap Legislation as a LandmarkBill Also Provides for Mandate Relief

 (Albany) - Calling it a landmark step to reverse a culture of spending money taxpayers do not have, Senator Joseph A. Griffo (R-C-IP, Rome)  today announced that he has achieved his long-held goal of securing passage of a tax cap coupled with mandate reform that will limit property tax increases and set the stage for economic revitalization across New York.