School Tax Rates 2008/09
-
City of Johnstown, $21.72 per $1,000 of
assessed value
-
Town of Johnstown, $19.92 per $1,000 of assessed value
-
Town of Ephratah, $23.17 per $1,000 of
assessed value
-
Town of Palatine, $24.23 per $1,000 of
assessed value
-
City of Gloversville, $14.54 per $1,000 of assessed
value
2008/09 Tax Levy Drops
$50,000 from April Projections
At its August 14, 2008 business meeting, the Board of
Education adopted a tax levy of $6,990,887 for the 2008/09
school year, down $50,000 from the April projections. Per
Superintendent Katherine Sullivan, "The $50,000 decrease
in the approved levy reflects a grant secured in May
through Senator Farley, funds from which District
officials announced would be used to reduce the tax levy."
The 2008/09 tax levy will increase by 1.97 percent,
instead of the April projection of 2.7 percent. The tax
levy comprises approximately 24 percent of the required
revenues needed to balance the budget of $29,061,903, with
the remainder coming from state aid and miscellaneous
sources. As a result of reassessments and changes in
equalization rates within the five municipalities
comprising the Greater Johnstown School District, the full
value tax rate drops 4.66 percent, from $15.25 per $1,000
of assessed valuation in 2007/08, to $14.54 per $1,000 of
assessed valuation for 2008/09.
The
tax rates for each of the five municipalities
located within the school district vary dramatically when
the state adopted equalization rates are applied. The City
of Gloversville tops the equalization rate list at the
full value rate of 100 percent. The lowest equalization
rate in Fulton and Montgomery County towns rests in the
Town of Palatine at 60 percent. Utilizing the equalization
rates established at the state level in July, the 2008/09
tax rates in the Greater Johnstown School District vary from a 4.4 percent increase in the City of
Johnstown to a 20.9 percent decrease in the City of
Gloversville.
The
STAR program with an enhanced exemption continues, along
with the senior citizen exemption. However, equalization
rates are also a factor in the STAR reductions, with a
parcel assessed at less than full value slated for less
than the full STAR exemption after the equalization rate
is applied.
|
GREATER JOHNSTOWN SCHOOL DISTRICT |
|
Municipality |
2007/08 Rate
Per $1,000 of
Assessed Value |
2008/09 Rate
Per $1,000 of
Assessed Value |
Percent Change |
|
City of Johnstown |
$20.80 |
$21.72 |
4.4% |
|
Town of Johnstown |
$20.61 |
$19.92 |
(3.3%) |
|
Town of Ephratah |
$24.18 |
$23.17 |
(4.1%) |
|
Town of Palatine |
$23.24 |
$24.23 |
4.3% |
|
City of Gloversville |
$18.36 |
$14.54 |
(20.85%) |
|
Full Value |
$15.25 |
$14.54 |
(4.66%) |
|