County Legislators Hear About Impact, Analysis of Governor’s Property Tax ‘Freeze’ Proposal
The Governor anticipates $2 billion will be available surplus in the state’s fiscal years 2016-17. The first $1 billion is earmarked for a two-year “property tax freeze,” accomplished by sending rebate checks to homeowners in each tax jurisdiction that complies with the two-percent real property tax cap. Many counties and the New York State Association of Counties are proposing an alternative method to provide more property tax reduction to New Yorkers.