New York Caps Property Taxes

The New York State Association used NAR issues mobilization funds and resources to launch a successful campaign that put a statewide cap on real estate property taxes. My REALTOR^® Party resources, along with aggressive involvement by REALTORS^® throughout the state, helped to get the legislation passed and signed by the governor. The measure caps annual property tax increases at 2 percent or the rate of inflation, whichever is less.

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