Property Taxes Are Up 18 Percent In 3 Years In New York State
09.20.12 |
New data released by U.S. Census officials today shows taxes have soared in New York state. Between 2008 and 2011, the median income in New York fell by 1.4 percent, to 55-thousand dollars, but property taxes increased by 18 percent. Frank Mauro, Executive Director of the Fiscal Policy Institute, says many people in New York have to pay more then 10-percent of their income every year in property taxes. The average property tax bill in New York was 4,273 dollars last year.
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