Property Tax Caps are hot topics. They gently rode off into the Sunset with Texas 2006 tax reforms, but they’re back from outer space. Property Tax Caps are en vogue in New York too. They’re so popular, people are suing. The New York Teachers Union sued claiming the property tax caps are unconstitutional and unfair to property poor districts. (Sound like familiar phrases?)

 

Governor Cuomo called the lower court ruling upholding the constitutionality of property tax caps a victory for taxpayers. New York placed a 2% cap on property taxes. Property values are high in New York too. New York allows the cap to be exceed with consent from 60% of local voters.  New York’s property tax cap legal journey is just beginning. 

 

This should be on your radar as the legal and policy arguments are identical to Texas.  [The Republic]