Property Tax Relief for Farmers
The New York State legislature is giving a little tax relief to state farmers.
ALBANY---[WENY]---The New York State legislature is giving a little tax relief to state farmers. They passed legislation co-sponsored by Senator Tom O'Mara that places a two-percent cap on annual agricultural land assessment increases.
It also delivers long-awaited and badly needed property tax relief. O'Mara says that farmers have seen rising land values drive up property taxes on farmland over the past several years, essentially doubling since 2006.