According to Unshackle Upstate “between 1982 and 2012, New Yorkers' property taxes increased annually by an average of 6 percent. This is why New York homeowners and employers pay some of the highest property taxes in the nation, especially Upstate. Since the tax cap was implemented in 2012, the annual average tax increase has been slashed to 2 percent, saving billions!”
TAX CAP law expires in 2015 and needs be renewed. Expect major property tax increases if the cap is allowed to expire. In 2011 the Assembly and the NYS Senate linked NYC Rent control to the Upstate & Long Island 2 percent Property tax cap and combined them into one law. Time to renew the cap is running out!!!
CONTACT your Senator http://www.nysenate.gov/senators and Assemblyperson http://assembly.state.ny.us/mem/ and ask them to link renewal of the PROPERTY TAX CAP to NYC Rent Control renewal. The NYC controlled assembly will never pass the cap unless it is linked to rent control.
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