Nassau Coutny Assessors Office

(Mineola, NY) To help homeowners obtain a better understanding of how the upcoming school district spending plans will affect their individual property tax obligations for the 2006-2007 tax year, Nassau County Board of Assessor Chairman Harvey Levinson has calculated and released the estimated tax rates based on information that was shared by school district business officials.

“While the Department of Assessment has nothing to do with establishing school district tax levies or rates, many homeowners’ calls are redirected to my office because a number of districts refuse to release the tax rate estimates to voters before scheduled budget votes,” stated Assessor Levinson. “Many districts opt to only reveal the percentage of the spending increase from the previous year – not the tax rate. Unfortunately, when the school tax bills are mailed out in October, homeowners are understandably confused and angry when their tax bills show a higher percentage of increase than the percentage of spending increase voted upon in May.

“On the flipside,” continued Assessor Levinson, “many homes will pay lower school property taxes in 2006-07 than paid in 2005-06 and others will see increases below the percentage of spending proposed by the school district.”

The Department of Assessment table shows the average percentage of a homeowner’s tax bill increase from last year, the percentage of increase in the school district tax levy, the estimated tax rate per $100 of assessed value and average tax bill, as well as the average market value of a home in each school district.

Assessor Levinson explained that the Department of Assessment’s table estimating the residential portion of the school property tax does not include library district taxes or Basic or Enhanced STAR savings.

“Homeowners should understand that some will see higher or lower tax bills based on whether or not a home is benefiting from a property tax exemption or the STAR program,” stated Assessor Levinson. “What is often overlooked is the fact that if several of your neighbors have been granted property tax exemptions (i.e. Volunteer Firefighter and Ambulance Worker or Senior Citizens), the home without the exemptions will see a higher increase in its share of the overall property tax burden imposed by the district.”

According to Assessor Levinson, there are a number of other factors that can influence whether certain properties will increase or decrease more than others such as Assessment Review reductions or the addition of building permits. In some cases, properties that have been undervalued have been identified and corrected in the 2006-2007 Assessment Roll.

Homeowners can calculate their estimated 2006-2007 school tax bill obligation by multiplying the Assessed Value of their property by the School Tax Rate and deducting the estimated Basic or Enhanced STAR credit from the final computation. To find your Assessed Value or STAR credit applied in 2005/2006, please visit www.nassaucountyny.gov and click on Property Search or contact the Department of Assessment at (516) 571-2490. STAR savings figures for 2006-2007 will not be released by the State until mid-August.

May 11, 2006

DEPARTMENT OF ASSESSMENT CONFIRMS ESTIMATED
SCHOOL DISTRICT PROPERTY TAX RATES FOR 2006-2007

May 11, 2006

DEPARTMENT OF ASSESSMENT CONFIRMS ESTIMATED SCHOOL DISTRICT PROPERTY TAX RATES FOR 2006-2007

DEPARTMENT OF ASSESSMENT CONFIRMS ESTIMATED
SCHOOL DISTRICT PROPERTY TAX RATES FOR 2006-2007