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September 12, 2018 - 6:17pm

City Schools land owners get a fraction of a penny tax increase

posted by Howard B. Owens in City Schools, news, batavia.

The new City Schools property tax rate is not quite a zero-percent increase for 2018-19, but it's close.

Business Administrator Scott Rozanski told the board of trustees last night that property owners this year will be asked to pay $21.495880 per $1,000 of assessed value.

That's an increase of .00849 percent over, or not even percent, over the 2017-18 rate.

Last May, voters approved a tax levy of $18,945,404 but the district can't set the tax rate to achieve that levy until properties have their final assessed value for the year.

The rate increase isn't even two-tenths of a cent compared to last year and will amount to a 14-cent increase on homes assessed at $100,000.

For the fifth-straight year, homeowners in the district will be eligible for a STAR rebate.

The tax rate has decreased an average of 3.5 percent over the past two years.

Tax bills will be mailed out to residents by the end of September.

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