Cuomo wants two-year freeze on property tax rates
Screen Shot 2013-12-10 at 11.38.54 AM.png
ALBANY— Gov. Andrew Cuomo’s tax commission wants a two-year freeze on property taxes.
The state would subsidize the costs, so taxpayers wouldn’t see increases. The second year of a freeze would include provisions to force local action and cuts to yield permanent tax relief.
In a report Tuesday, the commission also proposes a tax credit for homeowners who spend a large portion of their income on property taxes. Other recommendations would merge and simplify taxes for employers and reduce the estate tax.