Senate and Assembly pass property tax cap extension

The state Senate and Assembly passed legislation (A.8323/S.6012) that extends the property tax cap for four more years. It includes a couple minor technical amendments and provides a four-year, $3.1 billion property tax rebate program for homeowners who qualify for a STAR exemption. NYSAR played a significant role in passing the tax cap in 2011 and kept the pressure on legislators this year to extend its benefits for homeowners. Learn more here.