Growth in the town tax base cuts the S-G tax increase for 2019-20

Tax rates for residents of Scotia and Glenville will climb by 2.73% next year, lower than the 3.22% projected at the time of the May budget vote.

Assessed value in the school district rose by $6.3 million for the upcoming school year, thanks to new apartment construction next to the high school, the full assessment on the Freeman’s Bridge hotel and the new CVS in the village. That increase in assessments led to a decline in the projected tax rate increase.

For the typical Glenville home with a $160,000 assessment, tax bills in September will increase by $99.36, from last year’s total bill of $3,638 to next year’s $3,737. Those tax bills are BEFORE savings from the state’s STAR program. For BASIC STAR recipients, deduct $620 from the tax bill; for Enhanced STAR recipients, deduct $1,199 from the tax bill.

There were also changes to the STAR program beginning this year.

Here are the 2019-20/2018-19 tax rates adopted by the Board of Education:

  • Glenville/Scotia: $23.356 per $1,000 assessed value, up from $22.735 per $1,000 assessed value
  • Charlton: $29.726 per $1,000 assessed value, down from $30.200 per $1,000 assessed value
  • Amsterdam: $189.764 per $1,000 assessed value, down from $225.830 per $1,ooo assessed value

So, if you live in the town of Glenville and you own a house assessed at $100,000, your school tax bill in September will be $2,336 before savings from the state’s STAR program.

In the town of Glenville, the Basic STAR exemption is $26,700 and the Enhanced STAR exemption is $61,140. Those amounts are deducted from your school tax bill before the bill is computed.

That means an actual maximum deduction of $620 for Basic STAR recipients and $1,199 for Enhanced STAR recipients. If you signed up for the STAR check program instead, those amounts will be mailed to you in the fall.

Read the specifics here.