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flag New York’s school property tax cap remains at 2% for the fifth year, affecting 675 districts and 10 cities.

flag New York's school district tax cap will stay at 2 percent for the fifth straight year, affecting 675 districts and 10 cities including Buffalo, Rochester, and Syracuse. flag The cap limits property tax increases to the lower of inflation or 2 percent; inflation is projected at 2.63 percent for the June 2027 fiscal year. flag Comptroller Thomas DiNapoli urged school and municipal leaders to manage rising costs and potential federal changes while maintaining services. flag The 2012 law excludes New York City and allows local overrides under specific conditions.

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