Hugh T. Farley's posts related to Property Tax

SEN. FARLEY AND FELLOW REPUBLICANS UNVEIL " PROTECTION AND PROPERTY TAX REBATE ACT" TO PROVIDE NEW YORKERS WITH TAX RELIEF

State Senator Hugh T. Farley (R, C, I - Schenectady), along with his Senate Republican colleagues, announced on March 10th the " Protection and Property Tax Rebate Act," a major new tax cut initiative that would provide a property tax rebate for middle-class taxpayers. The rebate would reimburse homeowners based on much they pay in property taxes and how much they can afford. The plan also includes a cap on property taxes, along with significant mandate relief to further reduce costs. The comprehensive package would usher in a new era of economic freedom for New York’s taxpayers.

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Republican Plan To Give More Tax Relief Was Defeated

State Senator Hugh T. Farley (R, C, I - Schenectady) reported the comprehensive property tax relief plan proposed by Senate Republicans that would restore STAR property tax rebate checks for every middle-class taxpayer, put a property tax cap in place to control local spending and calls for extensive mandate relief measures to reduce local school district costs, was defeated in the Senate today.

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SENATE REPUBLICANS STEP UP PRESSURE ON ASSEMBLY TO PASS PROPERTY TAX BILL

State Senator Hugh T. Farley (R, C, I - Schenectady) announced on April 12th that he and his Senate Majority colleagues are urging the Assembly to act on a meaningful property tax cap bill. The Senate overwhelmingly passed Governor Cuomo’s property tax cap legislation with bipartisan support earlier this year.

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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:

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