Governor Andrew Cuomo says farmers across the state have saved over $23 million in the last two years as a result of the Agricultural Land Assessment Cap.

First signed into law by the Governor in 2013, the cap prevents agricultural assessments from being increased by more than two-percent a year.  The previous cap was set at ten-percent.

Cuomo says farmers in central New York have saved over $1.6 million.

“Agriculture remains a key driver in New York’s economy, and this administration is committed to helping ensure its strength and vitality,” Cuomo said. “By providing much-need property tax relief to our farmers, we are lowering the cost of doing business and driving growth in this vital industry for years to come.”

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