In 2012, the New York State property tax cap went into effect. The tax cap, which was intended to limit the increases in property taxes by local governments, was supported by taxpayers, but opposed by local governments, especially by school districts.
My new 19-page report, 2014 School District Tax Rate Rankings, updates the tax rate comparisons of four years ago with the most recent school tax information. Main results:
- School tax rates have dramatically increased since four years ago, due to both tax levy increases and property value decreases.
- Relative rankings of school tax rates have hardly changed since four years ago.
- Year-to-year school tax rate increases are dramatically lower than four years ago. This slowed growth may be due to the property tax cap.
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