Rochester-based philanthropist Tom Golisano has launched a new campaign called Tax My Property Fairly to help upstate New York homeowners fight for fair property taxes.
According to a PR Newswire press release, one component of the campaign is the website TaxMyPropertyFairly.com, which is a resource to help homeowners from Buffalo to Albany understand why their property taxes are among the highest in the nation relative to property value.
Golisano says he’s planning to launch a class action lawsuit on behalf of upstate New York taxpayers who sold their homes for less than the assessed value, in order to help them recover some tax overpayment.
"I want to see a public swell of concern over the property tax process and how inequitable and unfair it is, and see a change in the process,” Golisano said in the news release. “When you compare the property tax system to those for sales and income taxes, just look at the figures, whether homeowners are over or under assessed, there is no equity here."
Golisano said there needs to be a solution that will make it more affordable for people to move to New York State and stay here, rather than fleeing to more “tax friendly states.”
Golisano says that according to REALTOR Magazine, three of the top five cities with some of the highest effective property tax rates in the U.S. are in upstate New York: Binghamton, Rochester and Syracuse.
For more information about the class action lawsuit, click here.