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Andrew Cuomo: “It saved over $30 billion to homeowners.”

Featuring: Andrew Cuomo, Democratic | Former Governor of New York

'If You Want An Experiment With Socialism, Go Visit Chicago And Tell Me How It Worked Out': Cuomo

Published August 11, 2025 | Video Starts at 13:28

So your property tax taxes couldn't go up more than 2%. And you had some areas in the state where they were going up 6%, 7%, 8% every year. And we had a 2% cap. It saved over $30 billion to homeowners. New York City refused to have the cap because they wanted the ability to raise taxes higher than 2%. I would pass the 2% property tax. (13:28–13:33)

CLAIM

Asserts that the 2% property tax cap saved over $30 billion for homeowners.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Andrew Cuomo

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