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Poloncarz administration plans property tax reduction as part of 2025 proposed budget

Submitted

Tue, Oct 1st 2024 05:55 pm

Proposed budget will stay under tax cap, reduce property tax to $3.28 in 2025, from $3.39

Submitted by the Press Secretary to the County Executive

The Poloncarz administration today performed its Erie County charter-mandated action of submitting Erie County’s major revenues and expenses report to the Erie County comptroller, a procedural action that must take place no later than Oct. 1 as the administration prepares to release the proposed 2025 budget.

Chief among items of note in the report is the administration’s plan to once again lower Erie County’s equalized full-value property tax rate per $1,000 from $3.39 for 2024 down to $3.28 for 2025 – a $0.11 reduction. The 2025 property tax rate is not only the lowest in Erie County’s history, but is also $1.77 lower than the next closest neighboring county (Niagara, at $5.05 for 2024), and the 11th-lowest rate (of 57 non-NYC counties) in all of New York. This also marks the seventh consecutive year (and ninth time overall) the Poloncarz administration has sought to lower the property tax rate.

“I believe government works best when we’re able to put aside politics and come together on behalf of the people we serve,” Poloncarz said. “That is why I am particularly proud to have worked with the Division of Budget and Management to craft a budget that will once again reduce property taxes while maintaining investments in programs and services that are important to county residents. I look forward to unveiling the full proposed 2025 budget later this month.”

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