Gloversville and Schenectady excel at taxing
The cities of Gloversville and Schenectady had the highest property tax rates last year in the Mohawk Valley and Capital Region respectively, according to a new report from the Empire Center.
Schenectady had an effective tax rate of $40.93 per $1,000 of a property's value and Gloversville had an effective tax rate of $52.40 per $1,000. The rate in Gloversville was the highest of any city in the state.
A copy of the report is available below.
“With school budget votes just two weeks away, its important for voters to understand what their tax rates are and how that rate relates to what others in their region and in the state are paying. BenchmarkingNY makes it easy for taxpayers to make those comparisons,” said Empire Center director Tim Hoefer in a statement.
The rankings are based on data from the state comptroller’s office and New York State Association of Realtors Housing Survey.
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