main content starts hereTax Cap

In June 2011, New York state leaders responded to calls for property tax relief by enacting a law that placed new restrictions on how school districts (and municipalities) may increase their tax levies. Although often referred to as a “2 percent tax cap,” the law does not, in fact, restrict any proposed tax levy increase to 2 percent. It does, however, require at least 60 percent voter approval for a school budget if the proposed levy increase exceeds a certain amount. That amount, called the “tax levy limit,” is calculated by each district according to a complex formula outlined in the law, and varies by district. Download Fact Sheet

Learn more about how the tax “cap” law works by watching the video below (Produced 2015)

Still want to learn more?

Here are some more resources on New York’s tax “cap” law:

Tax Levy Limit Calculation Fact Sheet

3 Tax Levy Numbers Fact Sheet

Budget Vote Rules Fact Sheet

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