Governor Cuomo makes tax relief a top priority in his fourth State of the State address

Gov. Andrew Cuomo delivered his fourth State of the State address on Wednesday, January 8, 2014.Included in his speech were several proposals important to New York State’s REALTORS including: a proposal to freeze property taxes; creation of a property tax "Circuit Breaker;" a renter’s tax credit; and creating 3,000 units of affordable housing.

New York State Association of REALTORS Chief Executive Officer Duncan R. MacKenzie issued the following statement in response to Governor Cuomo’s property tax relief proposals:

"New York State’s obscenely high property taxes are shameful and can create an insurmountable barrier to homeownership for hardworking families. Governor Cuomo’s plan strikes at the heart of this issue – this is ultimately a spending problem more than a taxing problem. New York’s REALTORS believe consolidations and shared services are key components of a long-term solution to the property tax crisis."

For more information on the governor’s proposals, click here.