The New York State Senate passed historic property tax relief legislation, enacting a cap on the growth of local property taxes.
“It’s an issue that I hear about in my district almost every day – the property tax cap. New Yorkers pay the highest property taxes in the country and they are sick and tired of having their tax bills increase year after year, sometimes by double digits,” said Hannon. “This issue is crucial to countless families and businesses on Long Island and across New York State.”
The bill (S.5856) will cap school and local government taxes to less than 2 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.
For more important New York State legislative information and for a list of upcoming community events near you, visit kemphannon.com.