Historic Property Tax Cap Becomes Law

Historic Property Tax Cap Becomes Law

New York, NY – July 1 30, 2011 – (RealEstateRama) — The Governor signed the law passed by the Senate on June 24, 2011, and sponsored by Senate Majority Leader Dean G. Skelos. The law caps school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. The new law also includes $127 million in mandate relief savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations

SHARE

New York RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for New York Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of New York.

Contact:

Previous articleGovernor Cuomo Signs Historic Property Tax Cap Legislation In Westchester County
Next articleState housing agency recognizes year’s top lenders, loan officers during Home Ownership Month