Legislation Proposed To Cap Property Tax

May 24, 2011 Updated May 24, 2011 at 5:59 PM EDT

By WKBW News

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Legislation Proposed To Cap Property Tax

May 24, 2011 Updated May 24, 2011 at 5:59 PM EDT

ALBANY, NY ( release ) The office of New York State Assemblyman Dennis Gabryszak of Cheektowaga issued a release obtained by Eyewitness News.

He states, “Today, I am proud to announce that I have co-sponsored the much needed tax cap legislation (A.7916), which will cap property taxes at 2 percent or at the rate of inflation – whichever is lower.

The tax cap will provide relief to Erie County residents who have been shouldering the burden of some of the highest property taxes in the Country. This crucial cap will help rein in our out of control property taxes, while making sure our communities and schools aren’t going to suffer because of it,” according to Gabryszak.

Reaction from the State Capitol continued with "Unshackle Upstate" releasing their view on the legislation, welcoming the 2-Percent Property Tax Cap Agreement

Brian Sampson, Unshackle Upstate executive director said, “Today’s agreement on a 2-percent property tax cap is a tremendous victory for millions of New Yorkers who have shouldered some of the highest property taxes in the nation. Unshackle Upstate has been leading the fight for a 2-percent property tax cap and we thank Governor Andrew Cuomo, Senate Majority Leader Dean Skelos and Speaker Sheldon Silver for delivering meaningful property tax relief to struggling families and businesses.

With a 2-percent property tax cap agreement in place, our leaders in Albany must make an equally strong commitment to advance New York’s economic recovery by delivering mandate relief to local governments and school districts.”

STATEMENT BY SENATE MAJORITY LEADER DEAN SKELOS

Almost four months ago the Senate passed the hard property tax cap legislation proposed by Governor Cuomo. Since then, Senate Republicans have advocated every day for the enactment of a strong property tax cap. Other than the sunset provision and minor technical issues, we have reached a three-way agreement on a bill that achieves our goals and includes 95 percent of the bill we already passed and will finally put the brakes on skyrocketing property taxes.

This agreement maintains the maximum two-percent increase threshold on the total tax levy, as well as the 60 percent level necessary for school district voters to override the cap that were included in the original legislation passed by the Senate.

Enactment of a property tax cap is absolutely necessary for New York to send a positive message to families who are struggling to pay their tax bill and for businesses that want to grow and create jobs, but are being held back by high taxes.

The property tax cap is a big step forward and we must build on it by providing relief from other taxes that place an enormous burden on New Yorkers and stand as an obstacle to economic growth and job creation.