September 20, 2012. Census data show similar 3-year results statewide: a story by Joseph Spector in the Poughkeepsie Journal.

The data show what has been a perennial problem in New York: high taxes compared to wealth. Median household income in New York fell 1.4 percent from $56,033 to $55,246, but property taxes rose 18 percent, census data released today show.

Many New Yorkers “have property-tax bills that are an inordinate share of their income,” said Frank Mauro, executive director of the Fiscal Policy Institute, a labor-backed think tank in Albany. “The point we make is that too many in New York state have to pay more than 10 percent of their income in property taxes.”

Published On: September 20th, 2012|Categories: FPI in the News|

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September 20, 2012. Census data show similar 3-year results statewide: a story by Joseph Spector in the Poughkeepsie Journal.

The data show what has been a perennial problem in New York: high taxes compared to wealth. Median household income in New York fell 1.4 percent from $56,033 to $55,246, but property taxes rose 18 percent, census data released today show.

Many New Yorkers “have property-tax bills that are an inordinate share of their income,” said Frank Mauro, executive director of the Fiscal Policy Institute, a labor-backed think tank in Albany. “The point we make is that too many in New York state have to pay more than 10 percent of their income in property taxes.”

Published On: September 20th, 2012|Categories: FPI in the News|

Share on Social Media!