Property tax levy growth for New York’s school districts and 10 cities will remain capped at 2% for the fifth year in a row, according to data released today by State Comptroller Thomas P. DiNapoli.
The tax cap, which first applied to local governments (excluding New York City) and school districts in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2% with certain exceptions. The law includes provisions that allow school districts and municipalities to override the cap. DiNapoli’s office calculated the inflation factor at 2.63% for those with a June 30, 2027, fiscal year end.
“For the fifth consecutive year, the property tax levy for school districts and 10 cities will be capped at 2%,” DiNapoli said. “School district and municipal officials must continue to find ways to deliver services efficiently as they deal with higher costs and the potential impact of federal actions.”
The 2% allowable levy growth affects the tax cap calculations for 675 school districts and 10 cities with fiscal years starting July 1, 2026, including the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers, as well as Amsterdam, Auburn, Corning, Long Beach, Watertown, and White Plains.
