The Syracuse Common Council is urging New York state to allow a property tax exemption for low-income homeowners in the newly redrawn federal flood maps. Starting in November, affected homeowners must have flood insurance, which can cost up to $2,500 a year.
The proposed tax exemption would be on a sliding scale. Those making a little more than $37,000 a year could get a five percent break, while those making less than $29,000 a year could qualify for a 50 percent break. All the common councilors support the resolution, but Councilor Joe Carni does not think it goes far enough.