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Schalmont CSD Tax Levy and Tax Rates for 2017-18

9/5/17

Dear Schalmont School District Taxpayers,

At the August 28, 2017 regular meeting, the Board of Education approved the Tax Warrant for the 2017-18 school year that includes a 1.46% tax levy increase, which is exactly what the district’s voters had approved at the budget vote on May 16, 2017. The permissible tax levy limit for the district was 1.46% for 2017-18.

Due to a significant drop in the equalization rate for the Town of Guilderland from 0.88 in 2016-17 to 0.75 in 2017-18, the share of the total tax levy to be paid by Guilderland property owners in the district rose from 3.04% in 2016-17 to 3.53% in 2017-18. The resulting tax rates and share of the total tax levy for property owners in each town in the Schalmont School District are as follows:

Town Share of Levy Homestead Tax Rate Change Non-Homestead Tax Rate Change
Guilderland 3.53% 16.77% 16.77%
Florida 0.79% 3.38%  2.35%
Rotterdam 75.26% 0.22% 0.62%
Duanesburg 7.57% 1.98% 2.37%
Princetown 12.85% 1.92% 2.35%

The equalization rate measures the relationship between the assessed value and the market value of properties within a town. When the equalization rate declines, it generally means that the overall market value of properties in a town has increased in relation to assessed values. When a town has a major shift in equalization rates, it results in redistribution of the tax share among the towns within the school district.

It is important to understand that New York State sets the equalization rates for each town, not the school district. School districts have no legal authority to modify state equalization rates, assessments, or tax rate calculations. While the Schalmont School District’s total tax levy has increased by 1.46%, Town of Guilderland property owners will absorb a larger share of the tax levy due to the drop in the equalization rate identified above.

Should you need additional information, please contact the Schalmont School District Office at (518) 355-9200.

Sincerely,

Dr. Carol A. Pallas

Superintendent, Schalmont Central School District