School districts across New York will once again face a 2% limit on property tax levy growth.
State Comptroller Thomas P. DiNapoli announced Wednesday that the school district tax cap will remain at 2% for the fifth straight year. The cap also applies to 10 cities statewide.
The tax cap limits annual property tax levy increases to the lower of inflation or 2%, with certain exceptions. DiNapoli’s office calculated the inflation factor at 2.63% for governments with a June 30, 2027, fiscal year end, keeping the allowable growth at the 2% cap.
“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% limit affects 675 school districts and 10 cities with fiscal years beginning July 1, 2026. That includes Buffalo, Rochester, Syracuse, and Yonkers, along with Amsterdam, Auburn, Corning, Long Beach, Watertown, and White Plains.
The property tax cap first took effect in 2012 and applies to local governments and school districts outside New York City. State law allows districts and municipalities to override the cap under specific conditions.
Additional details, including levy growth charts and compliance information, are available through the state comptroller’s office.
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