“Property taxes statewide continue to rise despite a state imposed cap. Most municipalities are not able to raise property taxes more than 2 percent without voter approval. The Department of Budget says the property tax bill for a typical taxpayer is more than the state income tax amount. A report from the Institute on Taxation and Economic Policy shows a resident’s income level determines which tax hits the hardest.”
Related TagsNew York
Related Reading

March 20, 2024
States Move to Tax the Top in 2024

January 9, 2024