Overriding New York's 2% Property Tax Cap
A couple years ago, New York instituted a 2 percent property tax cap for the state's towns, villages, counties and school districts.
Mark Gebo is a local attorney who represents several municipalities. He says there are ways to override the cap.
Overrides, he says, require a 60 percent vote. For most towns and villages, that's a simple majority -- at least three out of five -- of the board.
For school districts that require public budget votes, it means 60 percent of the voters.
Municipalities often vote to override the cap in case they need to, but most are fiscally conservative and don't increase taxes by more then 2 percent, even when they can.
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Wednesday, March 12, 2014, Watertown, NY