5 Troubling Property Tax Facts
- Property tax levies in
grew by 73 percent from 1998 to 2008—more than twice the rate of inflation during that period. New York
New Yorkhas the second highest combined state and local taxes in the nation and the highest local taxes in as a percentage of personal income —79 percent above the national average. America
- The median property taxes paid by New Yorkers are 96 percent above the national median.
- When measured in absolute dollars paid, Westchester (1st),
Nassau(2nd) and (5th) counties are among the 5 highest taxed counties in the nation. Rockland
- When property taxes are measured as a percentage of home value over a three year period, the top sixteen counties in the nation are all in Upstate New York.
The group is offering a host of recommendations to lower the mandates on schools. Among them is a one-year freeze on the salaries of school and public employees. They also want public employees to contribute at least 10 percent toward the cost of health insurance and establish a new 401k-type pension tier.
More details here: Property Tax Cap: Pass or Fail for School Districts
Mandate relief is needed. Something’s gotta give.