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Property tax levy growth will again be capped at 2% for 2023 for local governments that operate on a calendar-based fiscal year, ing to data released today by State Comptroller Thomas P. DiNapoli.

Local government boards must pass a local law or resolution by at least a 60 percent vote to override the Tax Cap. Voters in school districts can override the cap with a 60% vote. The Office of the New York State Comptroller has several responsibilities, including: collecting the data to compute the tax cap; and.

Local government boards must pass a local law or resolution by at least a 60 percent vote to override the Tax Cap. Voters in school districts can override the cap with a 60% vote. The Office of the New York State Comptroller has several responsibilities, including: collecting the data to compute the tax cap; and.

As defined in law, it's the lesser of 2 percent or the rate of inflation. The Office of the New York State Comptroller (OSC) calculates the allowable levy growth factor throughout the year for each local government based on fiscal year end. The law allows local governments to override the levy limit.

A levy is a legal seizure of your property. It requires a third party to turn your money over to us to pay your tax warrant. We may serve a levy to a bank that is holding your money, or a person or entity that owes money to you. We must file a tax warrant before serving a levy.

Property tax levy growth will again be capped at 2% for 2023 for local governments that operate on a calendar-based fiscal year, ing to data released today by State Comptroller Thomas P. DiNapoli.

Other “special districts.” Under this law, the property taxes levied by affected local governments and school districts generally cannot increase by more than 2 percent, or the rate of inflation, whichever is lower.

The tax cap law establishes a limit on the annual growth of property taxes levied by local governments and school districts to two percent or the rate of inflation, whichever is less.