Website Created For Information on Tax Cap
September 1, 2011
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ISSUE:
- Property Tax
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COMMITTEE:
- Local Government
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.
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