Governor Candidate Cuomo Releases Plan for Property Taxes If Elected
By: WROC-TV
Updated: October 17, 2010
Attorney General Andrew Cuomo made a campaign stop in Irondequoit Wednesday.
If elected governor, the Democrat says he would create a property tax cap. He says local governments and school districts would not be able to raise taxes more than the inflation rate or by 2%, whichever is lower.
Right now, taxes are going up by 7-8%. Cuomo says that salaries and income are staying stagnant, putting people in a bind. "The economy isn't growing that way. People will say to you all day long, I'm not making more money than I made last year. I may be making less money than I made last year. You want to increase my taxes, and how am I supposed to pay?"
Cuomo points to a recent study that found Monroe County taxpayers have the highest property tax burden when compared to the value of their homes.
