New York State Counties and Real Property Tax Collections
I write this newsletter because I believe that f
acts matter, now more than ever. I also believe that d
igging a little deeper into the data creates a better understanding of our world.
Much is being written this week about health care reform in Washington, the Collins/Faso amendment, Governor Cuomo's reaction and the potential impact on counties and the health care system across New York State. This article from the Rochester Democrat and Chronicle is the latest
The graph above illustrates the share of total real property taxes collected by New York State counties (excluding New York City) over the last generation. As you can see, it has dropped from roughly $1 out of every $5 collected in 1991 to $1 out of every $6 collected in 2015 (the most recent year data is available from the State Comptroller). New York State counties collected $5.1 billion out of the total of $30.4 billion collected in 2015.
Over this same period, the average annual increase in real property taxes collected by counties is 3.4% while the average of all the other local governments is 6.1%. It also surprised me to learn that the annual rate of growth for counties is lower than for each of the other local government classifications (e.g., cities, towns, villages, school and fire districts).
The things you learn when you dig a little deeper into the data :)