The total amount of money raised in property taxes by local governments increased by 2.4 percent this year to a total of $36.6 billion, according to a report released Tuesday by Comptroller Tom DiNapoli’s office.
The report found the majority of that revenue, nearly $23 billion, was levied by school districts.
County governments collected $6 billion in property tax levies, about 16 percent of property taxes in the state.
Property taxes in the state are capped at 2 percent or the rate of inflation, whichever is lower. Local governments can vote to override the cap, which has been in place since 2012.
New Yorkers pay some of the highest property taxes in the country and the highest as a percentage of home value. Still, the last decade has led to a slower growth of tax levies statewide.
The report found that from 2017 to 2019, property tax levies grew the most in cities, 6.1 percent. In towns, the levies grew 4.4 percent. School district leaves have grown an even 4 percent.
During that same time period, home values have grown the fastest in western New York and on Long Island.