Ledger: New York caps property taxes

7/7/2011 - New York state’s first ever property tax cap was passed recently, bringing some relief to one of the country’s highest-taxed areas. Approved on June 24, the bill limits property tax levy increases to 2% or the rate of inflation, whichever is less.

The cap is slated to take effect for the 2012 fiscal year for local governments and the 2012-13 school budget year. …

State Senator Greg Ball, whose 40th District includes Lewisboro and Katonah, also supported the cap.

“Sky-high property taxes have made the American dream of homeownership a nightmare for many New Yorkers,” he said in a press release. “I’m proud to say that nightmare, both throughout New York and in the Hudson Valley, will soon be over.” (READ MORE)

 

About Greg Ball

Assemblyman Greg Ball (R, C, I – Patterson) is the Senator for New York State's 40th district. A former Vice President of Exceed International Development Corporation, Ball holds a Bachelor’s Degree in Political Science from the United States Air Force Academy, is currently completing his Masters Thesis of Liberal Studies in International Affairs at Georgetown University, and received an honorable discharge in 2005 at the rank of Captain after service as an active duty officer in the United States Air Force. View all posts by Greg Ball →
Comments are closed.
  • Twitter Updates

  • Latest Video