At its Aug. 23 meeting, the Liberty Board of Education adopted the district’s tax levy for the 2016-17 school year that carries an average tax rate decrease of 6.82 percent.
The lower tax rate reflects the board of education’s continuing efforts to keep its school tax levy as low as possible while delivering a quality education program. Through realistic budgeting, the board was able to lower the tax levy (the total amount of dollars raised by all school taxes) by -2.61 percent for the 2016-17 school year.
Although the school district’s 2016-17 budget remains under the state-mandated cap and carries a tax levy decrease, property owners’ tax rates may vary due to changes in equalization rates, which are determined by the New York State Office of Real Property Services, and property assessments, which are determined at the town level.
Tax rates may differ among the towns within a school district because each property is individually assessed in relation to its full market value. Every summer, the state assigns an equalization rate for each town that creates an assessment value equal to its full market value. This process is intended to ensure that each town pays its fair share of school taxes based on the town’s market value.
Tax rates for the six towns that comprise the school district are as follows:
|Town||16-17 Assessed Value||15-16 Assessed Value||14-15 Assessed Value|
The school district has no control over property assessments or equalization rates; it only controls the tax levy. Questions about assessments and equalization rates should be directed to the appropriate town assessor’s office.
Tax bills will be mailed to residents during the first week in Sept. and are due by Sept. 30 without penalty. If you don’t receive your bill by Sept. 15, please contact the tax collector, Jeanne Dutcher at (845) 439-3557.