Figure 1.
Note: Information on this formula, district-specific annual tax base growth factor, and statewide annual allowable levy growth is available at https://www.osc.state.ny.us/local-government/property-tax-cap/real-property-tax-cap-local-governments. PILOT = payments in lieu of taxes.
Property Tax Limit Formula

Note: Information on this formula, district-specific annual tax base growth factor, and statewide annual allowable levy growth is available at https://www.osc.state.ny.us/local-government/property-tax-cap/real-property-tax-cap-local-governments. PILOT = payments in lieu of taxes.

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