Weary NY homeowners throw support behind property tax cap plan

While some state officials say they’re concerned that Governor Andrew Cuomo’s proposed property tax cap could lead to a budget shortfall, the proposal has garnered support from New York City homeowners, according to the New York Times. The median property tax in New York state reached $3,755 in 2009, compared to the national median of $1,917, while five counties — Westchester, Nassau, Suffolk, Rockland and Putnam — have median property taxes upwards of $7,200. Michael McCall, a marketing professor at Ithaca College, said that the tax cap may become increasingly popular among homeowners who see the current system as unfair. “There are definitely people who can’t afford it,” McCall said. “They’ve cut as much as they can from their budgets and there is just no more to give.” [NYT]