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New York's Property Tax Cap Remains at 2% Limit for Fifth Year in a Row
NEW YORK STATE, JUL 15 – The 2% property tax levy cap remains despite 2.64% inflation, marking the fifth year local governments face limits on revenue growth, State Comptroller said.
- In New York, State Comptroller Thomas P. DiNapoli announced the 2% property tax cap for 2026, affecting local governments operating on a calendar-based fiscal year.
- In state statute, the property tax cap law, first applied in 2012 to local governments and school districts, includes a 60% override provision.
- Projections show 2026 inflation at 2.64% versus 2%, federal officials, highlighting the gap between inflation and the tax cap law, DiNapoli’s office reported.
- With costs rising, counties, towns, fire districts, 44 cities and 13 villages face maintaining essential services amid higher prices and policy impacts.
- Later this year, the property tax cap for March 1 to February 28 budgets will be released in September, and the 2% rate is the lowest since 2022’s 2.30%.
12 Articles
12 Articles
Port: To live with the new 3% spending cap, local governments must end property tax giveaways
MINOT — As the implementation of a new 3% cap on local spending growth looms, you can tell which local governments have most abused their spending powers by the volume of the groaning about the cap emanating from their offices. In Minot, where spend-happy Alderman Mike Blessum testified against the cap during the legislative session even as he's promised to rein in spending at home, the city is now threatening citizens with diminished fire prote…
DiNapoli: Tax Cap Remains at 2% for 2026
July 15, 2025 The 2026 property tax levy growth will be capped at 2% for local governments that operate on a calendar-based fiscal year, according to data released today by State Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities and 13
Tax Cap to Remain at 2% for 2026 - Long Island Life & Politics
By CaraLynn Caulfield New York’s property tax levy cap will remain at 2% for 2026, State Comptroller Thomas P. DiNapoli announced on July 14. That does not take into account inflation. The limit applies to [...] The post Tax Cap to Remain at 2% for 2026 appeared first on Long Island Life & Politics.
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