Proposition 117 - New York News

Proposition 117

Posted: Updated:

Proposition 117 -Property Taxes

BEGINNING IN 2014, SETS A LIMIT ON THE ANNUAL PERCENTAGE INCREASE IN PROPERTY VALUES USED TO DETERMINE PROPERTY TAXES TO NO MORE THAN 5% ABOVE THE PREVIOUS YEAR, AND ESTABLISHES A SINGLE LIMITED PROPERTY VALUE AS THE BASIS FOR DETERMINING ALL PROPERTY TAXES ON REAL PROPERTY.

A "yes" vote shall have the effect of setting a limit on the annual percentage increase in property values used to determine property taxes to no more than 5% above the previous year, and establishes a single limited property value as the basis for determining all property taxes on real property, beginning in 2014.
    
A "no" vote shall have the effect of keeping current constitutional law related to calculating property values and taxes.

 

  • Local NewsLocal NewsMore>>

  • Tyga calls for Empire State Building to go gold

    Tyga calls for Empire State Building to go gold

    Tuesday, August 19 2014 10:37 PM EDT2014-08-20 02:37:52 GMT
    The push to go gold for pediatric cancer has spread to the hip hop world. Popular rapper Tyga is joining those calling for the Empire State Building to light up for a good cause.
    The push to go gold for pediatric cancer has spread to the hip hop world. Popular rapper Tyga is joining those calling for the Empire State Building to light up for a good cause.
  • Christie talks casinos, Springsteen at town hall

    Christie talks casinos, Springsteen at town hall

    Tuesday, August 19 2014 9:49 PM EDT2014-08-20 01:49:34 GMT
    Gov. Chris Christie of New JerseyGov. Chris Christie of New Jersey
    Gov. Chris Christie talked Atlantic City casinos and defended his use of Bruce Springsteen music in the latest installment of his summer "No Pain, No Gain" town hall series on Tuesday. Many previous events have featured protests by retirees and labor groups as well as Atlantic City casino workers urging Christie to do more to save their jobs following a series of announced closures.
    Gov. Chris Christie talked Atlantic City casinos and defended his use of Bruce Springsteen music in the latest installment of his summer "No Pain, No Gain" town hall series on Tuesday. Many previous events have featured protests by retirees and labor groups as well as Atlantic City casino workers urging Christie to do more to save their jobs following a series of announced closures.
  • Foley wins Connecticut Independent Party backing

    Foley wins Connecticut Independent Party backing

    Tuesday, August 19 2014 9:35 PM EDT2014-08-20 01:35:03 GMT
    Republican gubernatorial candidate Tom Foley has won the endorsement of the Independent Party of Connecticut, securing a second spot on the November ballot. Foley's campaign confirmed the Greenwich businessman won the third party's endorsement at Tuesday night's party caucus.
    Republican gubernatorial candidate Tom Foley has won the endorsement of the Independent Party of Connecticut, securing a second spot on the November ballot. Foley's campaign confirmed the Greenwich businessman won the third party's endorsement at Tuesday night's party caucus.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices