NYS and Long Island aim to break 2% property tax cap

Local governments, fire districts, and school districts across New York and Long Island are increasingly planning to override the state's 2% property tax cap due to rising costs and fiscal pressures. Nearly half of cities and significant portions of other local entities intend to do so for the 2026 fiscal year, citing inflation and increased expenses for services, pensions, and utilities. Many municipalities are struggling to balance budgets within the cap, leading some to seek changes in the law or increased state aid.

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