Property Taxes

Westchester property taxes are high. We need to shift away from relying so heavily on property taxes to support local services.

Westchester taxpayers pay very high property taxes. We need to stop increasing and start decreasing property taxes.

For immediate relief, we need to take several steps.

First, since 60% of the burden comes from taxes levied to pay for our schools, we need to restore fair state aid for our schools. We need the State to pay more of the cost of education and we need to change the arcane and politically-constructed school aid formula that gives more help to schools in other counties than to Westchester. Assemblyman Abinanti’s advocacy insured that 2014 State Budget made a record $22.3 billion investment in public education — increasing school aid by $1.15 billion or 5.4% – $551 million more than the Governor proposed—and that the schools in our area benefited from additional Foundation Aid and restoration of the GEA.

Second, we need a circuit-breaker to limit all property taxes to reasonable levels based on income.
For the long term we need to reform the system. We need to shift away from relying so heavily on property taxes to support local services. And we need to reform our unfair property tax assessment system. Properties of equal market value are taxed differently by different municipalities and within municipalities. Our tax system is riddled with loopholes.