Board sets 2017 tax rates
(Due to an error, the dollar and percent increase for
homeowners with Basic STAR were incorrect in the original story on
Friday. We apologize for that error. The following story contains the
correct information regarding the 2017 school tax rates.)
ALBANY, N.Y. (Aug. 18,
2017) -- The City School District of Albany’s Board
of Education set the 2017 tax rates Thursday night. Voters approved the
total tax levy in May, and 2017 is the second time in a row the board
has proposed, and voters have approved, a no-increase levy.
While the levy was approved by the voters in May, the actual tax
paid by individual property owners is set in August, and is impacted by
a number of factors including changes to assessed values. This year,
despite the no-increase tax levy, these factors result in school taxes
going up for homeowners, while business owners have an offsetting
reduction in taxes.
For homeowners with Basic STAR, a home assessed at $150,000 will
have a tax increase of 3.87 percent, or about $8 a month. For seniors
with Enhanced STAR, a home of the same value will have an increase of
4.62 percent, or about $7 a month.
For business owners, the rate will decrease by nearly 2 percent.
That’s a decrease of about $7 a month for a property assessed at
(To view the full presentation
from Thursday's meeting,
City residents vote on the tax levy – the total amount of taxes the
district receives each year to support its budget – each spring in the
May budget vote. The levy has stood at $114 million for three
years. Over the past seven years the district’s average tax levy
increase has been less than 1 percent (0.9 percent). During that time,
the district’s enrollment has grown by 12 percent.
The tax rates
are set, based on the approved levy, after three additional factors are
determined: the impact of the state’s STAR program, total assessed value
and the portion of the total tax levy to be paid by homeowners and
business owners – homestead and non-homestead properties.
The mission of the City
School District of Albany is to educate and prepare all students for
college and career, citizenship and life, in partnership with our
diverse community. The district serves
students in 18
elementary, middle and high schools. In addition to neighborhood
schools, the district includes several magnet schools and programs, as7 well as other innovative academic opportunities for students,
including four themed academies at Albany High