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New York State needs a property tax cap now!
Fortunately, there is a solution in sight. Governor Andrew Cuomo’s proposal would limit the growth of property taxes to 2 percent or the rate of inflation, whichever is less. The legislation, which passed the Senate, still awaits action in the Assembly. Business community steps up pressure on the Speaker to pass property tax |
“Businesses and homeowners cannot go on paying a property tax burden that is increasing faster than the rate of inflation while property values fall.”
Heather Briccetti, Acting President & CEO, The Business Council of New York State, Inc. |