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New York Homeowners Still Crushed By Sky High Property Taxes |
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State retains rank near top in new Tax Foundation report | ||||||
Assembly Minority Leader James Tedisco (R,C,I-Schenectady-Saratoga) today called on Gov. Eliot Spitzer and the Assembly Majority members to address the state's ever-increasing property taxes, in response to yet another report showing New York's property taxes are well above the national average. Tedisco has long been an advocate for a property tax cap and additional relief. "Obviously, our state is failing when it comes to providing much-needed relief to our taxpayers," said Tedisco. "From Buffalo to Plattsburgh to the Eastern tip of Long Island, homeowners have nowhere to hide from these ridiculous tax rates. Unfortunately, the only way to escape it is to leave the state, and we cannot afford more population loss. It is time for Gov. Spitzer and Speaker Silver to join my conference in providing real, meaningful relief to our constituents. This high ranking is certainly no honor." The report, issued by the Tax Foundation based on the latest Census data, once again shows that New York's counties hold the dubious distinction of being home to the highest tax rates in the country. In fact, nine out of the top 10 counties in the nation, when property taxes were measured as a percentage of the value of the home, were located in Upstate New York. Wayne County ranked first, with a tax rate of 2.94 percent of the value of the home, more than three times the national median. In addition, three New York counties rank in the top 10 when measuring property taxes in absolute terms. Nassau County ($7,706) ranks second, Westchester County ($7,626) third and Rockland County ($7,041) seventh in the nation. The remaining counties in the top 10 are located in Northern New Jersey, illustrating further that the Northeast lags behind the entire country in providing property tax relief. "Just two weeks ago, Gov. Spitzer said we should look into a cap on property taxes," added Tedisco. "I applauded his statement and my conference and I will come back to Albany at any time to take up this issue. Our Property Taxpayer Protection Act addresses many of our homeowners' concerns and would be a huge step in the right direction for our state. However, no concrete measures have been taken and I'm still waiting for the call back to Albany so we can get this done as soon as possible." The "New York State Property Taxpayers Protection Act" would:
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