County Executives across New York today endorsed Governor Andrew M. Cuomo’s Tax Fairness for the Middle-Class Campaign to make the property tax cap permanent and cut middle-class taxes.
In 2011, Governor Cuomo vowed to bring property taxes under control once and for all. After years of trying to cap property taxes, New York passed the first ever 2% property tax cap. Since the implementation of the tax cap in 2012, local property tax growth has averaged 1.9%, compared to 5.3% average growth from 2000 to 2010, and the tax cap has produced approximately $24.4 billion statewide. The property tax cap changed long-term trends and the trajectory of the state.
“The federal tax law is an economic injustice against New Yorkers, and while step one is to fight for national change to repeal the law, step two is to alleviate the economic damage to New Yorkers at the state level by making the property tax cap permanent,” Governor Cuomo said. “When people say New York is a high tax state, they are talking about property taxes. A permanent tax cap will save New Yorkers tens of thousands of dollars over the next ten years and provide stability in this economic environment. I will not sign a budget without the permanent tax cap, and I thank these leaders for standing with me to support middle-class tax relief.”
Albany County Executive Daniel P. McCoy said, “Since Governor Cuomo introduced the property tax cap, it has saved taxpayers across the state thousands of dollars. In Albany County, we have held the line on tax increases and cut property taxes last year. Making the tax cap permanent is critical to continuing the positive momentum in Albany County and across the state and I fully support Governor Cuomo in his efforts to ensure this is done as soon as possible.”
Broome County Executive Jason Garnar said, “Governor Cuomo’s property tax cap has provided much-needed relief to so many hard-working families across the State. In light of the negative impact of the federal government’s tax policy, it is now more important than ever to make this tax cap permanent. I fully support Governor Cuomo’s commitment to easing the burden on middle-class families and local property taxpayers, and I urge the legislature to act and pass this fair and sensible tax cap as part of this year’s budget.”
Monroe County Executive Cheryl Dinolfo said, “Lessening the tax burden placed on local families is one of my top priorities, which is why I’m so proud that we cut Monroe County’s property tax rate for the first time in a decade in 2019, saving taxpayers millions. I also appreciate that the Property Tax Cap is helping to hold other levels of government to our same commitment to fiscal responsibility. I’m always happy to work across the aisle to best serve our taxpayers and I thank the Governor for his efforts to make the Property Tax Cap permanent this year.”
Montgomery County Executive Matthew L. Ossenfort said, “The Governor’s property tax cap has helped hold the line on large tax increases, forced tough decisions that ultimately protect taxpayers and saved thousands of dollars for homeowners. I strongly support making the tax cap permanent, as it sends a clear message to hard-working families that we support them.”
Nassau County Executive Laura Curran said, “I commend Governor Cuomo for his ongoing commitment to Long Island families. I am working hard to hold the line on taxes in Nassau with a 2019 budget that did not contain any property tax increase. A permanent property tax cap will continue to help save our residents money and ease their burden for years to come’
Onondaga County Executive Ryan McMahon said, “The taxpayers deserve a government that provides excellent services as cost effective as possible. Onondaga County has proudly remained within the tax cap every year while continuing to make smart investments in our infrastructure and economy. This has resulted in real savings for our residents. I urge the entire state legislature to support Governor Cuomo’s proposal and make the tax cap permanent.”
Rockland County Executive Ed Day said, “The introduction of the property tax cap was a long-awaited and much needed strategy for government to self-induce fiscal discipline. I whole-heartedly endorse the continuation of the cap. The people of the State of New York and of Rockland County deserve no less than stringent expenditures by government.”
Suffolk County Executive Steve Bellone said, “No matter if it’s Albany or Amityville, Governor Cuomo’s property tax cap has saved thousands of dollars for suburban homeowners across the state. Now more than ever, we need to make the property tax cap permanent to protect homeowners – no questions asked.”
Acting Ulster County Executive Adele Reiter said, “I applaud Governor Cuomo for his commitment to making the tax cap permanent and pushing for a middle-class tax cut as part of this year’s budget. The Governor understands the importance of stepping up to help middle-class families as Washington continuously attacks the working class. We hope to see these critical measures pass in this year’s budget to provide much-needed relief to people in the Mid-Hudson Valley.”
Westchester County Executive George Latimer said, “I applauded the Governor for recognizing that property taxpayers have shouldered a crippling burden for too long. Here in Westchester County residents pay some of the highest property taxes in the nation. The 2% property tax cap is fair and sensible- especially in light of the SALT tax cap. We have heard it for years that property taxpayers need relief, and this is a tremendous help for them. Anything more we can do to help property taxpayers should be done.”
Governor Andrew M. Cuomo launched a Tax Fairness for the Middle-Class Campaign to make the property tax cap permanent. To illustrate the benefits of a permanent property tax cap, Governor Cuomo unveiled a to showcase estimates of how much taxpayers have saved under the property tax cap and will continue to save over the next 10 years with a permanent property tax cap.
As part of the campaign, the Governor remains committed to the phase-in of his historic middle-class tax cuts. Under these reforms, middle-class tax rates will continue to drop to 5.5 percent and 6 percent, depending on income, when the cuts are fully phased in – an up to 20 percent cut in income tax rates for the middle class – and produce a projected $4.2 billion in annual savings for six million filers by 2025. As the new rates phase in, they will be the State’s lowest middle-class tax rates in more than 70 years.