2018-2019 School Tax Rate Increases Slightly
Business Administrator Scott Rozanski announced that the school tax rate increase for 2018-2019 has increased slightly, by 0.0407%, or $0.0087 per $1000 of assessed valuation. The change in the tax rate is from $21.4581 to $21.4668 per $1000 of assessed valuation meaning that, for a home assessed at $100,000, the owner will pay $0.87 more in school tax this year. This comes after two years of averaging 3.5% decreases, yielding a five-year average decrease of 0.58% and a ten-year average decrease of 0.49%.
The District does not set the tax assessment values nor the equalization rate, both of which are used to calculate the tax rate and can fluctuate each year. An increase in Taxable Assessed Values and True Value Assessments have resulted in the decreased tax rate.
However, the District is responsible for bringing a tax levy proposal to voters. The voter-approved tax levy increase for this year, 2018-2019, was 2.40%. The proposed and approved tax levy for the past five years has averaged an increase of less than 1%, with a ten-year average increase of 1.17%. In addition, because the District has complied with tax cap efficiency guidelines, for the fifth consecutive year taxpayers can expect a property tax rebate check which will be mailed to them directly by New York State.
Tax bills have been mailed out to residents and are due before the end of October. If paid after October 31, 2018, through December 31, 2018, late payments will begin to accrue penalty charges of 1% per month. After December 31, 2018, unpaid bills will be turned over to the City of Batavia and to Genesee County at which time an additional 5% collection fee is added to the 1% per month penalty.
For more information about tax collection or tax rebates, click on this link to the Business Office webpage pertaining to taxes.
Please note that initial calculations in September indicated a tax rate increase of 0.0085, or $0.0018 per $1000 of assessed valuation. After that time, the District was notified that the City of Batavia had agreed to a reduction of a business’ assessment which, in turn, affected the overall taxable assessed values. Fluctuations are not uncommon, and when they occur before tax bills are mailed, the amount due is adjusted accordingly. In addition, this does not affect the rebate checks; District residents still qualify for the rebate because it is based on the tax levy in relation to the allowable tax cap.