(Aug. 30, 2011) At its Aug. 16 meeting, the RCS Board of Education set the school tax rates for the 2011-12 school year. The new tax rates are lower than expected because the Board voted to use an additional $50,000 from the district’s undesignated fund balance to reduce the tax levy (total amount of property taxes to be raised by the district) increase to 2.28 percent.
Using final assessment figures provided by the four towns in the district and equalization rates set by the state, the new tax rates are as follows:
|Town||School Tax Rate*|
* Tax rates are per $1,000 of assessed property value.
The tax rates differ between the towns because, as is often the case in school districts that span multiple municipalities, properties in different communities are often assessed at varying levels in relation to full market value. The state assigns each town an “equalization rate” in an effort to fairly distribute the amount of taxes each town must pay.
Because of the uncertainty that surrounds final assessments and equalization rates until after the budget vote, the district emphasized the tax levy—the figure it controls—versus the tax rate in budget meetings and informational materials leading up to the vote.
Residents approved a revised budget proposal of $42,437,866 in June, after defeating the original budget proposal in May. At the time of the June revote, the district estimated a tax levy increase of 2.5 percent.
However, in August the Board of Education voted to use an additional $50,000 from the district’s undesignated fund balance to reduce the tax levy increase to 2.28 percent.
The tax levy is the total sum to be raised by the school district after subtracting out all other revenues including state aid. The tax levy is used to determine the tax rate for property owners in each of the towns that make up the school district.
The new tax rates mean that the owner of a property assessed at $100,000 in Bethlehem will now see a tax bill increase of $45.43; in Coeymans, a tax bill increase of $44.07; in New Scotland, a tax bill increase of $5.09; and in New Baltimore, a tax bill decrease of $51.17.
Tax bills will be mailed in early September, and are due by Sept. 30 without penalty. Please note that tax bills will contain additional tax rate information for the Community Library. The above tax rates listed are the tax rates for the school district only.
Payments may be mailed in care of Ravena-Coeymans-Selkirk CSD, PO Box 91045, Rochester, NY 14692-9145 or made in person at the First Niagara Bank in Ravena during normal banking hours. Residents of Bethlehem should mail payments to Nancy Mendick, Receiver of Taxes, Town of Bethlehem, 445 Delaware Avenue, Delmar, NY 12054.