New York to pick up most local school tax increases

Tuesday, April 22, 2014

Next month, school districts across the state will ask voters to approve budgets that call for tax hikes.

For the first time, however, nearly all property owners won't have to worry much about their rising tax bill. The state will send rebate checks to property owners in most districts to cover the entire increase in school taxes.

The rebates will be paid only in districts that keep tax increases below a state-set tax cap, which hovers around 2 percent. But 94 percent of the districts will stay under the cap, according to a survey conducted by the New York State Association of School Business Officials in March.

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