Brought To You by 2008: Property Tax Cap Calls

From the Journal‘s Jennifer Levitz this morning: “Support for property-tax rollbacks is building from Arizona to New York, fueled by angry homeowners in some locales who are seeing rising tax bills despite plunging home prices. … New York City boosted property taxes by 7% effective Jan. 1, and other towns in the state are also sending out higher bills, even as Gov. David Paterson and some legislative leaders are supporting a recent report that recommended a 4% statewide cap in property-tax increases. A commission empaneled by Gov. Paterson’s predecessor called for the cap in response to concern that the state’s levies — among the highest in the nation on property — were curbing growth and encouraging migration.”

Brought To You by 2008: Property Tax Cap Calls