Albany, N.Y. – The New York State Senate on Monday approved legislation capping the growth of school property taxes at 2 percent or the Consumer Price Index, whichever is less. State Senator Michael H. Ranzenhofer voted for the act, Senate bill 2706.
“One of the reasons residents continue to leave New York State is high property taxes,” said Senator Ranzenhofer. “Homeowners are sick and tired of paying the highest property taxes in the nation – especially after the STAR rebate check program was eliminated. A cap prevents property taxes levied by school districts and towns from sky-rocketing at current levels.”
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.”
Bill also provides for mandate relief for school districts, municipalities
The New York State Senate has passed historic property tax relief legislation that enacts a firm cap on local property taxes and provides for mandate relief for school districts and municipal governments.
“Since hearing from so many of my constituents about out-of-control property tax increases, I worked with the Governor to enact a tax cap. New York is now the 44th state to cap property taxes. A cap will stop dramatic spikes in property taxes and prevent homeowners from being taxed out of their homes,” said Ranzenhofer.
Albany, N.Y. – State Senator Michael H. Ranzenhofer has introduced legislation in the New York State Senate to reinstate the STAR rebate check program for senior citizens. Senate Bill No. S6286 would provide seniors, who qualify for the Senior STAR exemption, with a rebate check.
“Property taxes are a serious burden for seniors, making it more difficult for them to afford the increased costs of staying in their homes. That is why I have proposed a bill in the State Senate to reinstate the STAR rebate check program and restore property tax relief to senior homeowners,” said Senator Ranzenhofer.
Restores STAR rebate checks for millions of New Yorkers
Increases tax credits to help struggling middle-class families
Albany, N.Y. – State Senator Michael H. Ranzenhofer (R, C, I – Amherst) joined members of the Senate Republican Conference today to unveil the Family Tax Relief Act. The plan would restore the STAR property tax rebate check program and increase tax breaks that have not kept pace with inflation for more than 25 years.
Senator Ranzenhofer updates his constituents on what's going on in the State Capitol, including the Family Tax Relief Act, efforts to reinstate the STAR rebate check program, and the "Grown in NY" Plan.
A State Senate report is out with a focus on cutting taxes. The new report calls for New York's personal income taxes, business taxes, and local property taxes to be reformed, simplified, and reduced. Overall, the recommendations in the report will help to ensure a brighter, stronger and more prosperous economy for Western New York.
This year’s State Budget continued middle-class tax rates at their lowest levels in 60 years, reduced taxes for small businesses under the personal income tax, and cut the corporate tax rate for manufacturers. These positive initiatives began the process of chipping away at the State’s high tax burden. New York’s last place finish, measured in business tax climate, needs to change.
Improving this ranking is critical to New York’s long-term economic growth. That is why I am pleased to announce a new State Senate report with a focus on cutting taxes has been released.