How Did Property Taxes Get So High?
The Short AnswerNew York State's top income tax rates were lowered incrementally since 1972. As a result, the state's dollars for school and municipal funding began shrinking.
With that, taxation was "pushed down" to local taxes - especially property taxes - to make up the difference.
As the cost of education, public employee benefits, pensions, fuel, roads etc. go up, and state income tax rates goes down, property taxes must go up and up.Go to The Long Answer for more information, details, and sources.