Board of Education adopts lower tax rates than projected in May

The Board of Education unanimously approved final 2018-19 tax rates tonight that are less than projected when voters went to the polls in May.

The tax rate will increase by 2.62 percent, versus the 3.36 percent that was estimated before the community budget vote.

For a Glenville home with an assessment of $160,000, the typical in Scotia-Glenville, the September 2018 school tax bill will be $3,637.76, an increase of $92.90 per year or $7.74 per month. That same home’s tax bill in September 2017 was $3,544.86. Those figures are before savings from the state’s STAR tax reduction program – a $620 reduction for BASIC STAR recipients and a $1,199 reduction for Enhanced STAR recipients.

The original projection showed a $119.73 increase for the home with a $160,000 assessment.

The board adopted these rates:

  • Glenville/Scotia: $22.736 per $1,ooo assessed value (2017-18 rate: $22.16 per $1,000 – 2.62 percent increase)
  • Amsterdam: $210.78 per $1,000 assessed value (2017-18 rate: $234.83 per $1,000 – 10.24 percent decline)
  • Charlton: $30.20 per $1,000 assessed value (2017-18 rate: $29-12 per $1,000 – 3.72 percent increase)

The 2018-19 tax levy increased by 3.36 percent or $958,412. The district’s state mandated cap was 3.46 percent.

Business Administrator Andrew Giaquinto said the veteran’s exemption that the board adopted in the spring translated to 800 homes claiming it and a loss of $146,417 off the tax levy – meaning that about 0.5 percent was added to the tax rate as a result.