As the legislative session enters the home stretch, NFIB/NY
was proud to stand with many of our partners in pushing Albany to make the
current property tax cap permanent. Property taxes have been
stifling economic development and forcing New Yorkers to move to other states
for decades. In response to this crisis, in 2011, Governor Cuomo pushed for
a cap on property taxes and NFIB/NY, with many of our allies, fought for its
enactment. Without legislative action, however, the property tax cap will expire, threatening to make the state less affordable for homeowners, family farmers and small businesses.
Since 2012, when the property tax cap went into effect, over $7.6 billion dollars have been saved. Our friends at the Empire
Center have put together a tremendous report proving that the property
tax cap has been effective in limiting the tax burden.
Starting today, NFIB/NY along with our partners and the
Empire Center began a sustained
push to make the temporary property tax cap permanent. Our
friends at the Business Council of New York State have put together a interactive map that shows savings by region.
“With billions in savings for small employers and
homeowners, the property tax cap has proven to be an effective mechanism to
rein in property taxes,” said NFIB/NY State Director Mike Durant.
“Albany can send a clear, positive message to New Yorkers in the final
days of this session by committing to stay the course on cutting property taxes
by making the tax cap permanent.”
View the interactive map to see savings by region
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