Property tax levy growth for all counties, towns, fire districts, 44 cities and 10 villages having fiscal years that close on Dec. 31 will be capped at 2 percent for the 2020 fiscal year according to a statement released by New York State Comptroller Thomas P. DiNapoli dated July 11, 2019 .
The tax cap, which first applied to local governments in 2012, limits tax levy increases to the lesser of the rate of inflation or 2 percent with some exceptions, including a provision that allows municipalities to override the tax cap. During the 2014 through 2018 fiscal years, municipalities with a fiscal year ending on Dec. 31 had their levy growth capped at less than 2 percent.
For a list of allowable levy growth factors for all local governments, visit: https://www.osc.state.ny.us/localgov/realprop/pdf/inflation_allowablegrowthfactors.pdf