State property tax cap prevails in appeals court

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New York’s two-percent property tax levy cap prevailed in the state’s Appeals Court, which upheld an October 2014 ruling that "no fundamental rights are implicated by" the property tax cap or the subsequent state law creating a temporary state income tax credit that reimbursed property tax hikes only for residents of districts staying within the cap. The legal challenge came from the New York State United Teachers union. Learn more here.