Assemblyman John Ceretto, R-I-Lewiston, today announced that the Assembly Majority finally agreed to address the state's skyrocketing property taxes by introducing a tax cap he and his colleagues had been supporting for months. Ceretto is hopeful that the legislation will begin the long awaited debate in the Assembly to cap taxes and will lead to the passage of a tax cap before the conclusion of this year's session.
"Today is an important day for Western New York homeowners. The Assembly Majority, the last remaining roadblock to passing a property tax cap, agreed to introduce legislation that would cap property taxes at 2 percent or 120 percent of inflation, whichever is lower," Ceretto said. "This bill will open up the tax cap debate in the legislature and is an important gain in the fight to provide relief to Western New Yorkers."
"Three out of four New Yorkers want an immediate, meaningful cap on burdensome property taxes, and I am confident that the Legislature will be able to deliver a property tax cap before the conclusion of this year's session," Ceretto said. "A tax cap will provide lasting relief to Western New York homeowners and will open the door to mandate relief in order to reduce the cost-drivers behind some of the highest property taxes in the nation."