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About Property Tax Cap NowNew York Property Tax Cap Now was formed to alert residents, business-owners and associations to the plight of taxpayers in our state. New York’s local taxes are 79 percent above the national average, making them highest in America. It’s impossible to provide a real financial reprieve to homeowners and foster economic growth in our state without enacting a property tax cap. Job creation is often touted by lawmakers as being the state’s top priority — however, it’s impossible to foster job growth when our property tax rate is unsustainable. Our state is experiencing a “brain drain”— young people are leaving the state because they can’t find work. A property tax cap will have the dual advantage of attracting new investments in New York and expanding the tax base, while providing much-needed relief to homeowners. The Senate passed Governor Cuomo’s property tax cap measure, and the bill now awaits action in the Assembly.
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“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.  |
New York Property Tax Cap Now • business.council@bcnys.org