Articles on the Constitution by Robert Knakal
Tuesday, November 22, 2011
Property tax relief entails more than a simple legislative dictate. It should require a broad examination of all those issues that drive up the cost of local government. That said, property tax caps should be real, with little room for creative...
In New York City, the system of property assessment is manipulated and changed so that the city can ensure constantly rising tax collections. Even with property values dropping 38% from 2007 - 2010 in New York City, the tax assessments continued to climb. A constitutional amendment that institutes an equitable and standardized assessment practice across the state would be more fair to the taxpayers of New York, especially in New York City.