Real property taxes have historically been the most predictable and easily administered source of local revenue. They are also the largest revenue generator for local governments, and accounted for 23% of the County’s General Fund Revenues for 2012. All real property in New York State is subject to taxation unless explicitly exempt by law. Some exemptions provide full relief (wholly exempt properties) while others reduce the taxes which would otherwise be due (partially exempt properties). Real property taxes are levied only on taxable property, thus, the more tax-exempt properties there are in a jurisdiction, the greater the tax generally is on owners of taxable properties. This report concentrates on properties which have the greatest impact on taxpayers; wholly exempt properties, a category which includes, among others, property owned by religious, educational, charitable, and government entities.