Question of the Day: Is a Property Tax Cap a Good Idea?

Last week, a Siena poll showed that imposing a property tax cap was supported by 71 of 100 respondents in a random telephone survey.

The topic was the subject of a few press releases last week, as Gov. Andrew Cuomo continues to push Democrats in the Assembly to pass a property tax cap at two percent, or the rate of inflation - whichever is less - after the measure sailed through the Republican-controlled Senate in late January.

Long Island Republicans in the Assembly - including Assemblyman Dan Losquadro, R-Shoreham, who campaigned on cutting and capping property taxes last fall - joined the chorus last week, issuing a joint press release calling on the Democratic majority in the Assembly to hold a vote. 

Assemblyman Fred Thiele, I-Sag Harbor, issued a release of his own stating that he'd like to improve the governor's plan - including a plan to "enact realmandate relief" - before voting on it.

So while the debate continues to play out in Albany, we're wondering: what do you think? Would a two percent property tax cap benefit taxpayers? Or would the burdens be too much for local municipalities and school districts?