Set NY's property tax cap in stone
The State Capitol Building of New York is shown in Albany on April 17, 2013. The parliamentary building was built between 1867 and 1899. Credit: AP / Arno Burgi
$4,004
The Long Island Association estimates that's how much more the average Long Island homeowner would pay in property taxes annually by 2025 if state lawmakers let the property tax cap expire.
The business group's research report, which charts the rate of increases since 1969, says taxes would jump by 58 percent in the next 10 years without the cap, which limits annual raises to roughly 2 percent. Who wants to pay more? Albany should stop the silly talk about renewing it and just make it permanent.
