The New York State Tax Cap | Rockefeller Institute of Government


		As Albany Debates a Permanent Property Tax Cap, How Is the Cap Affecting School Budgets? Since the tax cap was enacted in 2012, school property tax increases have steeply declined across the state, while the rate of school budget approval has increased.

		By the Numbers: Regional School Property Tax Growth under the Tax Cap School property tax rates have been dramatically cut in every region since the tax cap was put into effect. Using conservative estimates, homeowners have saved at least $16.7 billion on school taxes as a result.

		The Effect of the Property Tax Cap on Local Governments Every level of local government has seen significant reductions in annual property tax increases under the cap, resulting in more than $25.6 billion in savings on local taxes (local government and schools).



Jim Malatras	Nicholas Simons	Michelle Cummings	Kyle Adams
Jim Malatras is president of the Rockefeller Institute of Government. Prior to leading the Institute, Dr. Malatras held several high-ranking positions in New York State government.	Nicholas Simons leads the Regional Gun Violence Research Consortium, which aims to reduce violence involving firearms through research and analysis. He also specializes in education policy research and data visualization for the Institute.	Michelle Cummings is a policy analyst the Rockefeller Institute of Government. Prior to joining the Institute, she served as the deputy commissioner and director of tax and fiscal studies at the New York Department of Taxation & Finance/Office of Tax Policy Analysis.	As communications director at the Rockefeller Institute, Kyle Adams oversees the development of tools and materials to help bring relevant, evidence-based policy analysis into the public decision-making process.