Local

Report finds 25 percent of property value in New York is tax exempt

A report from the state comptroller’s office finds that more than 25 percent of real property value in the state is virtually tax-exempt.

Tompkins County has the highest percentage of tax-exempt property of any other county across the state, at 40 percent. In the City of Ithaca, 62 percent of property is tax exempt, the fourth highest in the state among cities.

The report found that the total value of exempt properties across the state is a staggering $680 billion.

State Comptroller Tom Dinapoli said local leaders will need to continue to find creative ways to bring in revenue.

More Local Headlines

in Local

New 40-mile snowmobile trail system approved for Adirondacks

Local_News41-620x400

State officials say construction will start immediately.

in Local

Farm family welcomes Bills head coach with giant corn maze

corn field

Coach Rex Ryan visited the farm on Monday.

in Local

Albany holds special event marking President Grant’s death

president ulysses grant

President Ulysses Grant died 130 years ago in an upstate New York cottage.

in Local

Craft distilleries growing rapidly in New York

beer

Governor Andrew Cuomo says state reforms are saving distilleries thousands of dollars.

in Local

Man suffers minor injuries in Enfield car accident

Crime 3

A 49-year-old Ithaca man was charged as a result of the car accident Tuesday morning.