WASHINGTON – The House GOP tax legislation to be released Wednesday will include a new compromise ​on ​property tax​ deductions​, but it’s ​still ​not enough to win over skeptical New York Republicans.

“Right now, I’m certainly not on board,” Rep. Peter King (R-L.I.) said Sunday of the revised tax plan on Fox News’ “Sunday Morning Futures.”

King was one of 20 Republicans who voted against the GOP budget last week that opened the door to tax reform legislation.

Representatives from New York and New Jersey have revolted against a provision to eliminate state and local tax deductions on federal tax returns, which ​are​ used by about 44 million Americans.

Nodding to the pressure from high-tax state representatives, Rep. Kevin Brady (R-Texas) announced this weekend ​that ​he’d retain an itemized deduction for property taxes – but still plans to eliminate the write-off for state income and sales taxes.

“At the urging of lawmakers, we are restoring an itemized property tax deduction to help taxpayers with local tax burdens,” Brady, the chairman of the House Ways and Means Committee, said in a statement.

Gov. Cuomo has denounced any compromise plan, especially since New York is a donor state that pays more in federal taxes than it gets back in services.

In 2015 alone, New York contributed $48 billion more in taxes to the federal government than it received in federal spending – the largest negative balance of any state, according to a Rockefeller Institute of Government Study.

The majority of New York Republicans have joined with Democratic leadership in denouncing the President Trump tax plan as a form of double taxation and ​a ​devastating blow to the state.

“That is a step forward,” King said of the compromise plan, “but by not allowing the state income tax deduction that has to be fully analyzed because that is a major issue in my district also and throughout the state of New York.”

Rep. Dan Donovan (R-SI) said he’ll also have to review how the compromise plan affects his constituents.

“Chairman Brady’s decision to maintain the property tax deduction is a positive development. I’m grateful to the ​c​hairman and House leaders for listening to the argument that I and others made about the basic unfairness of double taxation, and I look forward to analyzing the tax relief proposal in its entirety next week,” Donovan said in a statement to the Post.

Brady intends to release the tax reform legislation Wednesday and House Speaker Paul Ryan wants it passed in the House by Thanksgiving.

Then the Senate will take up the plan aimed to cut taxes on businesses and individuals.

As House leadership try to assuage New York and New Jersey members, they lost an ally in the National Association of Home Builders over concerns about the weakening of the mortgage interest deduction.

“All the resources we were going to put into supporting are now going to go into opposing the plan,” NAHB Chief Executive Officer Jerry Howard told POLITICO.

Brady, however, kept the door open for a compromise.

“The home​ ​builders have been great partners in developing a new home credit that helps more Americans with both their mortgage and property taxes, by expanding this tax relief to homeowners who don’t itemize,” Brady said in statement.

“I hope members of Congress will examine it closely to determine if they want it included before tax reform heads to the president’s desk.”