Website Created For Information on Tax Cap

 

A website has been created by the New York State Comptroller to give local governments information on the property tax cap. The legislation creating the tax cap was passed with bi-partisan support in the Senate and Assembly and signed into law by the Governor. The law caps tax levy increases for local governments and school districts at 2 percent or the rate of inflation, whichever is less.


The cap will go into effect for the 2012 fiscal year and the 2012-2013 school year.


The website can be found at http://www.osc.state.ny.us/localgov/realprop/index.htm.