SCOTIA A series of assessment reductions is removing more than $4.6 million from Scotia-Glenville Central School District’s tax base.
The Scotia-Glenville Board of Education on Monday, Aug. 13, approved 2012-13 district tax rates that are 3.24 percent higher than last school year. District officials forecasted a 2.93 percent increase when voters approved the nearly $47.83 million budget in May. The tax levy increase will remain the same at 2.93 percent, but the pool it is drawn from has shrunk.
The average Glenville taxpayer with a $160,000 home will see their tax bill increase by $106 to a total of $3,368 before any STAR program reductions are taken into account.
District officials said most taxpayers will realize a $551 tax bill reduction through the Basic STAR program and taxpayers in the Enhanced STAR program would see a $1,064 reduction. Last year those reductions were $540 and $1,022, respectively.
Nearly all of the district’s residents live in Scotia or Glenville and will pay a rate of $21.05 per $1,000 assessed value, a 66-cent increase.
Residents of Charlton will see tax rates increase by 4.38 percent to $27.66 per $1,000 assessed value and Amsterdam homeowners will see a 2.83 percent increase to $190.76.
The total assessed value in the district for the 2012-13 school year totals $1.24 billion and the district plans to collect more than $26.17 million in taxes.
The changes come after several companies disputed their assessments. National Grid was successful in reducing its assessment by $1.1 million and Westmere Realty, LLC, reduced the assessment for its properties on Glen Avenue by $543,000.
Target’s redevelopment of the former Kmart property might have cleaned up an eyesore at the center of town, but it also took a chunk out of the district’s tax base. The property was assessed at $3.1 million before Target began construction and demolished the former Kmart building. The new Target building was only in its early stages by the taxable assessment date on March 1, so the partially completed building was only assessed at $1.5 million.