property tax cap Tag All blog entries tagged as property tax cap http://www.gothamgazette.com/index.php/the-eye-opener/latest Sat, 12 Jul 2014 07:58:15 +0000 Joomla! 1.5 - Open Source Content Management en-gb Today's report: The state property tax cap http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/01/todays-report-the-state-property-tax-cap http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/01/todays-report-the-state-property-tax-cap The state's new property tax cap succeeded in its first year in holding average property tax growth to 2 percent – 40 percent less than the previous ten-year average, according to this report by Gov. Cuomo's office. Out of 3,077 local governments and school districts proposing a levy in the past year, the study found that 84 percent reported a levy within the capped amount.

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Other highlights of the report include:
· 642 of 678 or 95 percent of school districts stayed within the cap.
· 1,944 of 2,399 or 81 percent of local governments that reported a proposed levy stayed within the cap.

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mmuller@gothamgazette.com (Mike Muller) City Mon, 01 Oct 2012 12:24:41 +0000