ALBANY – Chenango County property owners who received a “tax freeze” check in November of 2014 are in for some good news; another round of property tax relief disbursements will make their way to mailboxes by the end of the year and increased relief in the near future.
“This year’s session ended with good news for taxpayers – property tax relief,” said New York State Senator Tom Libous (R-52), summing up the positive bullets of the 2015 legislative session.
Last week it was announced that the state assembly succeeded in extending the highly effective property tax cap.
Since its enactment in 2011, the real property tax cap has dramatically reduced the growth in local property taxes. Through the first three years of the cap, the typical property taxpayer has saved more than $800, compared to if taxes had continued to grow at the previous growth rate.