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Property Tax Credits
… Purpose The objective of our examination was to determine whether Property Tax Freeze, Property Tax … in levy year 2014. Each of these credits are intended to offset the cost of property or school taxes on a … through June 30, 2017. Key Findings Using data analytics to examine high risk transactions, we identified and returned …
https://www.osc.ny.gov/state-agencies/audits/2018/04/12/property-tax-creditsPersonal Income Tax and Property Tax
… our examination was to determine whether personal income tax refunds (refunds) and property tax credits (i.e., School Tax Relief and Property Tax Relief, collectively referred to as …
https://www.osc.ny.gov/state-agencies/audits/2020/12/30/personal-income-tax-and-property-taxPersonal Income Tax and Property Tax
… our examination was to determine whether personal income tax refunds (refunds) and property tax freeze, property tax relief, and school tax relief (i.e., STAR) credits …
https://www.osc.ny.gov/state-agencies/audits/2019/09/12/personal-income-tax-and-property-taxReal Property Tax Cap and Tax Cap Compliance
Find information on Real Property Tax Cap below
https://www.osc.ny.gov/local-government/property-tax-capWhat is the Real Property Tax Cap?
… With some exceptions, the State’s Property Tax Cap limits the amount local … districts can increase the tax levy (the total amount of property taxes billed) to the lower of two percent or the rate of inflation. (Individual property …
https://www.osc.ny.gov/local-government/property-tax-cap/what-real-property-tax-capTown of Sardinia – Tax Relief Rebate Program (2014M-189)
… of Audit The purpose of our audit was to review the Town’s tax relief rebate program for the period August 1, 2013 through … local law a tax relief rebate program in 2013 to provide property owners with a one-time property tax relief payment. …
https://www.osc.ny.gov/local-government/audits/town/2014/11/14/town-sardinia-tax-relief-rebate-program-2014m-189School Tax Relief (STAR) Program (2012-MS-6)
… Purpose of Audit The purpose of our audit was to review local assessors’ administration of the STAR Program … State’s costs for underwriting this benefit for taxpayers have grown significantly since the program’s inception, from … STAR exemptions for multiple parcels). Local assessors do not have the ability to search the Office of Real Property …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2013/02/28/school-tax-relief-star-program-2012-ms-6Elementary and Secondary Education – 2021 Financial Condition Report
… relatively low since implementation of the property tax cap in 2012-13. However, even with this significant increase …
https://www.osc.ny.gov/reports/finance/2021-fcr/elementary-and-secondary-educationOpinion 95-26
… engaged to assist in the administration of these funds; and (3) to pay for improvements to property owned by …
https://www.osc.ny.gov/legal-opinions/opinion-95-26Opinion 92-7
… Exempt Volunteer Firemen's Benevolent Association (use of tax moneys to pay debts incurred in the operation of a volunteer's business) WORDS AND PHRASES -- "Relief" (meaning of for purposes of special acts … have construed the word "indigent" to mean "destitute of property or means of comfortable subsistence; needy; poor; in …
https://www.osc.ny.gov/legal-opinions/opinion-92-7DiNapoli: School District Tax Levy Cap at 2% for Third Straight Year
… Property tax levy growth for school districts and 10 of the state’s cities will be capped at 2%, the same as last year, … cap, which first applied to local governments (excluding New York City) and school districts in 2012, limits annual tax …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-school-district-tax-levy-cap-2-third-straight-yearState Comptroller DiNapoli Announces Municipal Audits
… to the 85 granted exemptions and found that 68 exemptions (80 percent) totaling $6.9 million in town-exempt assessed …
https://www.osc.ny.gov/press/releases/2019/02/state-comptroller-dinapoli-announces-municipal-auditsTaxes – 2023 Financial Condition Report
… property tax relief credit, and enhanced earned income and child tax credits. Personal income tax (PIT) … to continued inflation partially offset by the impact of the suspension of sales and excise taxes on motor fuel … State, and local tax burden in New York State was $384 per $1,000 of personal income in fiscal year 2022, an …
https://www.osc.ny.gov/reports/finance/2023-fcr/taxesDiNapoli: Property Tax Exemptions Top $450 Billion
… York State outside of New York City and the impact they have on local governments and school districts. "Property tax exemptions can be a valuable tool to improve housing affordability or fuel economic growth," … charge user fees to not-for-profit organizations to help pay for services such as water, sewer and refuse pick-up. …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-property-tax-exemptions-top-450-billionOpinion 89-11
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. FOREIGN FIRE …
https://www.osc.ny.gov/legal-opinions/opinion-89-11Elementary and Secondary Education – 2022 Financial Condition Report
… funding levels for the same period. New York State Ranks Highest in Nation in Per Pupil Spending For the 2019-20 … Federal, $2.7 billion. In school budgets proposed for SY 2022-23, property tax levy increases averaged 1.7 percent, … number of voters increased by approximately 120,000 for SY 2022-23 budget votes with seven districts failing on the …
https://www.osc.ny.gov/reports/finance/2022-fcr/elementary-and-secondary-educationDiNapoli Warns Changing Fiscal Landscape Could Increase Budget Challenges for Local Governments
… The expiration of one-time federal pandemic aid, combined with state aid that has not kept pace with inflation and slower … report provides an overview of these revenue sources and how they have affected local budgets in recent years. “With …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-warns-changing-fiscal-landscape-could-increase-budget-challenges-local-governmentsState Comptroller Thomas P. DiNapoli Statement on New York City’s Preliminary Budget
… address the uncertain future. “The FY 2022 budget revised property tax collections downward by $2.5 billion. This is an … budget does not rely on additional direct federal relief or anticipate significant federal stimulus for …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-preliminary-budgetState Comptroller Thomas P. DiNapoli Statement on New York City's Executive Budget
… recovery or behavioral changes related to increases in state income or corporate tax rates, which push the city’s … at Open Book New York . Track municipal spending, the state's 180,000 contracts, billions in state payments and public authority data. Visit the Reading …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-executive-budgetElementary and Secondary Education – 2023 Financial Condition Report
… received $4.6 billion of federal education aid in SFY 2022- 23. Schools also received $4.2 billion of temporary … education is expected to run through SFY 2024-25. In SFY 2022-23, the $4.2 billion of federal COVID-19 recovery … aid funding for the same period. New York State Ranks Highest in Nation in Per Pupil Spending For the 2020-21 …
https://www.osc.ny.gov/reports/finance/2023-fcr/elementary-and-secondary-education