Wednesday, September 26, 2012

N.Y. Taxes SOAR while Income FALLS

Property Tax Reduction Consultants 
125 Jericho Turnpike, Jericho, NY 11753
516-484-0654 or 631-484-0654

Did you know that between 2008 and 2011, the median household income in New York fell 1.4 percent to $55,246, while property taxes increased 18 percent, according to U.S. Census data?

This has become a reoccurring problem with New York consistently having the highest property taxes in the nation.  In fact, New York has eight of the top 10 counties when comparing counties who paid the most in property taxes compared to home values. 

Mike Duran, state director of the National Federation of Independent Business, said New York needs to boost its business competitiveness.  “As he taxes continue to go up and as the business costs that are mandated by the state continue to be ignored, nobody is going to be hiring,” he said. 

Gov. Andrew Cuomo has recently brought forward a plan which would cap property-tax at the 2 percent growth maximum.  Although the state government has implemented specific plans, it may not be enough to help find a solution.

If you’re in need of tax reduction help, contact Property Tax Reduction Consultant, THE LEADER IN PROPERTY TAX CHALLENGES SINCE 1990.  Let PTRC help you!

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