Long Island New York Homeowners Being Crushed by High Property Taxes

August 4th, 2008 category: Real Estate News

 

The following press release was received today from The New York State Association of Realtors.

New York REALTORS urge legislators to return to Albany; pass school tax cap

Statement from New York State Association of REALTORS President Linda J. Page

Albany – July 17, 2008 – Today, New York’s 62,000 REALTORS call upon their representatives in the state Legislature to return to Albany for the purpose of providing relief to our state’s beleaguered homeowners who are being crushed by high property taxes. We urge them to approve Gov. David Paterson’s school property tax cap proposal as an important first step toward providing New Yorker’s with a decreased tax burden.

The preliminary report from the New York State Commission on Property Tax Relief found that New York State’s local taxes are the highest in America – 79 percent above the national average. It also found: property tax levies in the Empire State are rising at more than twice the rate of inflation and salary growth; outside of New York City, 62 percent of property taxes are school taxes; and in terms of tax rate, nine of the 10 highest counties in the nation are in upstate New York.

Read the entire article by clicking here.

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