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Learn more about the NYS Property Tax Freeze Credit


Next month, some New York homeowners will start receiving tax rebate checks as part of the Property Tax Freeze Credit that was signed into law in April 2014. The law, passed as part of the 2014-15 New York state budget, is designed as a short-term tax relief program that reimburses qualifying New York homeowners (outside of New York City) for increases in local property taxes on their primary residences.

Homeowners may be eligible for tax freeze credits on their school taxes in each of the next two years based, in part, on budget decisions made by their local school district. For homeowners to qualify, their school district must have adopted a 2014-15 budget with a tax levy increase that did not exceed its property tax levy cap. Marcellus’ 2014-15 budget, approved by voters May 20, included a tax levy increase equal to the district’s cap of 2.37 percent.
 
To learn more about the Property Tax Freeze Credit, check out this fact sheet


Some content courtesy of Capital Region BOCES School Communications Portfolio; Copyright 2014; All rights reserved. For more information or permission to use, call 518-464-3960.


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