Commission recommends cap for state property taxes

CHENANGO COUNTY – Among the recommendations released Tuesday in the New York State Commission on Property Tax Relief’s preliminary report was a property tax cap, which would limit the increase in the annual property tax levy to 4 percent or 120 percent of the Consumer Price Index, whichever is less. While limiting the increase in annual property taxes may seem like a good idea, reactions in Chenango County and throughout New York State have been mixed, with some asking what effect the tax cap could have on the educational system.

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