For the third time in three years, the S-G tax rate will decline

School tax bills in September will be $26 less than they were in September 2015 for the typical Glenville homeowner with a $160,000 assessment; BOE adopts rates 0.74% lower than last year.
When community members went to the polls in May to support the 2016-17 school budget, the school district estimated tax rates would rise by 0.32 percent, well below the maximum of 1.78 allowed under the state’s tax levy cap formula.

Instead, the Board of Education on Monday night adopted rates that were 0.74 percent lower for Glenville homeowners.

Homeowners in the Charlton and Amsterdam parts of the school district will also see lower tax rates by 1.79 percent for properties located in both of those towns. Tax rates are different in the three parts of the district because each area has a different state equalization rate.

A homeowner with a $160,000 assessment in the town of Glenville – which accounts for 99.8 percent of the school district’s tax base – will pay a bill in September school tax totaling $3,439 – $26 less than the $3,465 paid in September 2015.

Those figures are before savings from the state’s School TAx Relief (STAR) exemption. In the coming school year, that is expected to save taxpayers with Basic STAR an additional $596 ($584 in 2015) and taxpayers with Enhanced STAR for seniors will save an additional $1,152 ($1,129 in 2015).

This will be the third time in the past eight years that Scotia-Glenville tax rates have declined. They also declined in the 2009-10 school year (-1.68 percent) as the district receive federal stimulus money and returned part of that in the form of lower taxes; the 2015-16 school year (-2.51 percent) as the state dramatically returned Gap Elimination Adjustment funding that had been withheld; and in the current year (-0.74 percent), thanks in large part of an elimination of the GEA and overall increases in state aid.

THE BOARD OF EDUCATION ADOPTED THESE TAX RATES

Because of changes in the state’s equalization rates, the impact of school taxes is felt differently in the three communities that make up the Scotia-Glenville school district. About 99.8 percent of the district is located in the village of Scotia or town of Glenville.

  • Glenville: $21.49 per $1,000 assessed value – 0.74% decrease

2015-16 Glenville rate: $21.66 per $1,000

  • Charlton: $28.06 per $1,000 assessed value – 1.79% decrease

2015-16 Charlton rate: $28.58 per $1,000

  • Amsterdam: $204.09 per $1,000 assessed value – 1.79% decrease

2015-16 Amsterdam rate: $207.85 per $1,000

The rates will be effective with school tax bills due this September.

S-G TAXPAYERS ELIGIBLE FOR STATE PROPERTY TAX CREDIT CHECK

Beginning this year, property owners are eligible for the Property Tax Credit, a check that will be mailed this fall. For upstate taxpayers, the credit will be $185 as long as these two criteria are met:

  • the school district tax levy increase was below the maximum tax levy increase cap – Scotia-Glenville’s tax levy increase was well below the 1.78 maximum allowed by the state.
  • a property owner’s 2014 income was less than $275,000.

Beginning in 2017, this property tax credit will be a percentage of a homeowner’s STAR benefit, wit lower incomes receiving a higher percentage benefit.

Andrew Giaquinto, school business administrator, noted that overall assessments in the school district increased by $14.7 million from 2015-16. He pointed to several reasons for that increase:

  • ongoing construction of the Patriot Square development (off Route 50 next to the airport);
  • increased assessments on Mohawk Honda and Capitaland Motors after their expansions.

Here is the memo to the Board of Education explaining the decline in the tax rates.