October 23, 2013 —
ALBANY, NY — Following months of hard work and advocacy by hundreds of its member farmers, the New York Farm Bureau (NYFB) has issued a press release applauding Governor Andrew Cuomo’s signing of a bill setting a 2% cap on agricultural land assessments.
NYFB says that, in recent years, farmers have carried an increasingly heavy property tax burden that is second highest in the country and more than triple the national average. “But from the bill signing on October 22, we begin to get those skyrocketing property taxes under control. The cap will limit increases of agricultural assessment to no more than 2% a year.”
According to the NYFB, “This does not mean farmers won’t be paying their fair share of taxes. It simply will control the rate of escalation that will make it easier for our family farms to budget for and pay their taxes.”