High Property Tax a significant concern for small businesses
ALBANY, Jan. 23, 2019 – NFIB in New York, the leading small business association in the nation, today applauded the state Senate for voting to continue the cap on the state Property Tax. The following comments may be attributed to Greg Biryla, state director of NFIB:
“Passing legislation that makes New York State’s property tax cap permanent sends a clear and welcome message that the concerns and priorities of the state’s small businesses are not overlooked. Since the Cap’s enactment in 2011, New Yorkers have saved billions of dollars in expected property tax increases and the average property taxpayer has saved more than $3,200.
“The two-percent cap has proven to be an effective tool in controlling the growth of New York’s property tax burden and providing small business owners with the stability and confidence to invest and hire. NFIB thanks the Senate Majority for passing this legislation, applauds its bipartisan support, and encourages the Assembly to do the same in short order.
“It must be noted that capping the growth of property taxes is only the first step. Now is the time for a concurrent effort to enact comprehensive mandate relief so local municipalities have the flexibility to reduce our highest-in-the-nation property taxes, not merely control their growth.”