Cuomo Signs Property Tax Cap Bill in Nassau County

Historic legislation finalized in front of Lynbrook home.

An historic event for the State of New York took place right here in Nassau County earlier today.

Gov. Andrew Cuomo traveled to the home of village residents James and Janet Gannon to sign a bill authorizing a property tax cap in New York. Assemblyman Brian Curran, R-Lynbrook, and Lynbrook Mayor Bill Hendrick were on hand for the signing.

"For decades, taxpayers across New York state have been burdened by back-breaking property taxes that have crippled businesses and families," Cuomo said. "It is appropriate to sign this property tax cap at the Gannon household, as millions of homeowners like them have had the deck stacked against them for too long. This tax cap is a critical step toward New York's economic recovery, and will set our state on a path to prosperity."

"The property tax cap will finally control sky-rocketing taxes that have hurt Long Island for years," added Assemblyman David McDonough, R-Merrick.

Under the cap, property tax increases will be limited to 2 percent or the rate of inflation, whichever is less. Municipalities, such as school districts, could override the cap with 60 percent of voters participating in an election.

"For Nassau residents, a long-overdue property tax cap is among the most important accomplishments of Governor Cuomo's first six months," added County Executive Ed Mangano.

Vincen Franco June 30, 2011 at 10:14 PM
Whoopie how about the already high amount of taxes we pay here on long island. What is the governor doing about that? How about decreasing our school taxes! It's ironic that Cuomo would sign this bill here on long island. When in fact its the same governor that makes long island pay the bullet in taxes when there is decreased educational funding here on long island. So ladies and gents this means higher taxes on our properties. If you haven't noticed look at the many houses are up for sale here in NY as people rid themselves of this tax burden. Hey Cuomo wake up and smell the coffee.


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