Capital Region BOCES, in partnership with Questar III BOCES, has released the publication "Understanding New York's Property Tax Levy Cap As It Relates To Public Schools."
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In this first year of New York’s property tax cap, details about its provisions and implementation continue to evolve. This publication answers some questions that parents, taxpayers and school staff members may have, based on what is known as of its printing. School districts continue to await further clarification from the Office of the State Comptroller, Department of Taxation and Finance, State Education Department, Division of the Budget and the Governor’s office. Additional details will be communicated as they become known. Read the full publication online
Fact Sheets
Budget votes: explains the new supermajority and contingency rules
Mandates and mandate relief: explains what mandates are and recaps the decades-old efforts to provide relief
Pensions: explains public pensions, the latest pension "reform" changes and how the tax levy cap exclusion works
Tax levy limit formula: provides an annotated explanation of the tax levy "cap" formula.
Your three tax levy numbers: explains the different tax levy figures that schools will be talking about
Property tax levy cap news
Tax levy limit legislation information
— Cobleskill-Richmondville Central
Schools
At the end of June 2011, the New York State Legislature enacted a property tax “cap” that seeks to limit the annual increase in the tax levies of local governments and school districts. The new legislation will affect district planning starting with the 2012-13 school budget. FULL STORY
Tax
cap will hit some districts harder than others
— Educationspeaks.org
All school districts are not created equally. This video from the Statewide School Finance Consortium does a great job outlining how the state’s new tax cap will increase the funding dichotomy between wealthy and poor districts. Full story at educationspeaks.org
