KATONAH, N.Y. -- Kenneth Adams, the state's Commissioner of Taxation and Finance, will be visiting Katonah to discuss Gov. Andrew Cuomo's tax credit proposal, a spokesperson for the Tax Department told Daily Voice.
Adams is scheduled to appear at the home of Katonah resident Thea Fry on Friday.
Cuomo's proposal involves giving a state tax credit to help with property tax costs. Eligible homeowners, according to Cuomo's office, are those making less than $250,000 and whose property tax burden is more than six percent of their income.
Cuomo's office claims that there would be 94,174 beneficiaries from this proposal who are Westchester homeowners and 16,286 in Putnam. The average credit for homeowner would be $1,210 in Westchester and $1,111.
Additionally, Cuomo's office claims that the proposal would lead to $114 million in tax relief for Westchester homeowners and $18.1 million for those in Putnam.
More details of the tax credit proposal are available here.
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