New York Parents and Property Owners Could See Tax Rebate Checks Just Before Election Season
Property owners could see two tax rebate checks in their mailbox this fall, the checks are part of Governor Cuomo's proposed property tax rebate program that would force local governments and school district to hold the line on tax increases and push for more shared services and consolidation.
Last year, the state Legislature and Gov. Andrew Cuomo agreed to provide a $350 rebate check to middle-class families this fall. Now Cuomo’s proposal calls for a two year property-tax freeze that would include more rebate checks to homeowners in communities where local governments stay within the 2% property tax cap.
Conveniently, some property owners could see two checks in their mailbox just ahead of the November elections, Governor Cuomo is looking for another term this year.
The $350 rebate check was approved for families who have children under 18. Now Cuomo wants to use an expected $2 billion dollar budget surplus to freeze property taxes for two years.
Property owners earning less than $500 thousand dollars a year would see rebate checks ranging from $350 to $500, if their local governments stay under the property-tax cap in the first year of the rebate program.
In order to get a property-tax freeze in the second year, local governments and schools would need to implement a plan to save at least 1 percent in the tax levy.
Some lawmakers say New York high property taxes are hurting homeowners and businesses.
But critics say the timing of the checks show its simply an attempt to buy votes said in an election year. Local leaders say if the State wants to get serious about cutting property taxes it should fully fund the Medicaid program, and take over other unfunded mandated programs.