Testimony on Proposed Legislation Addressing Real Property Taxation Issues

June 2, 2008. Presented by FPI Executive Director Frank Mauro to the Senate Standing Committee on Local Government and Assembly Standing Committee on Real Property Taxation. The Middle Class STAR rebate program is better targeted than the original STAR program in that in takes income into consideration. However, Middle Class STAR is still not efficient and equitable property tax relief, since it does not take the size of a homeowner’s property tax bill into consideration and it is still based on county and school district average of important variables. A circuit breaker like S.1053-a/A.1575-a would address both of these shortcomings. The bill would be improved by a broader definition of income. Read the testimony >>

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