Why NY’s property-tax cap faces a critical year

Gov. Andrew Cuomo wants to make the property-tax cap permanent in 2019, but he will face pressure from powerful special-interest groups and a new state Legislature who may not support his proposal.

The cap is one of Cuomo’s top legislative achievements because it has slowed the growth of property taxes in New York, which has among the highest taxes in the nation.

As part of his 2019 agenda, Cuomo pledged to make the cap permanent. It expires in 2020, but is legally tied to rent-control laws, which end in June.

In a speech Dec. 17 laying out his priorities, Cuomo appeared to tie making the tax cap permanent to another issue important to Democrats: keeping higher taxes on the rich.

“Our state tax code is more progressive today than it has ever been. We must maintain our millionaire’s tax, also make permanent our two percent cap on the regressive local property taxes,” Cuomo said.

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