McKevitt Hails Legislative Accord on Property Tax Relief
Agreement provides property tax rebates on STAR savings and cost of living increase for Enhanced STAR recipients
March 29, 2006
Assemblyman Tom McKevitt (R,C,I- East Meadow) this evening hailed the bipartisan legislative agreement on a comprehensive property tax relief plan. The agreement comes exactly a month following McKevitt’s overwhelmingly successful election to the State Assembly. “Just last month homeowners throughout my Assembly district were telling me about the challenges they faced with the crushing burden of property taxes on their family budgets,” McKevitt said. “Today the State Legislature has reached an accord that will provide significant property tax relief for the hard working families and seniors of Nassau County.” Provisions in the legislative budget agreement on tax relief include:
- $805 million in property tax rebates this year and $960 million in 2007-08, totaling $1.765 billion;
- Providing $72 million in cost-of-living increases in senior STAR for this year and next - STAR rebates will range from $300 to $800, depending on the homeowner's age and particular property tax levy;
- Elimination of the State sales tax on clothing under $110 dollars;
- Several other measures, including a child tax credit of $300 for children ages 4-17, ultimately accumulate to nearly $4 billion worth of tax cuts over 2 years.