1 Nassau County Department of Assessment Unfair School Property Tax System Is It Time for an Income Tax? Presented By Harvey B. Levinson Chairman, Board.

Slides:

Advertisements

Similar presentations

THE CIRCUIT BREAKER NEW YORK STATE LEGISLATURE PROPERTY TAX RELIEF: WESTCHESTER ALLIANCE IONA COLLEGE BY JOHN BERTINO & THOMAS SEVERIN.

Advertisements

Elimination of Personal Property Tax January,2014.

K-12 Education Funding What reporters need to know.

Property Tax Presentation at Sun Valley Nov 5, 2011 Slides available at Neil Morgan Assessor.

Tax Rate Adoption North East ISD August 11, 2008.

1 State Aid to School Districts in New York State: An Overview Based on the Laws of 2004 State Aid Work Group New York State Education Department August.

2005 Idaho Legislature Property Tax Interim Committee Jason Hancock Legislative Services Office.

ISD 911 – Cambridge-Isanti School District Presented By: Robyn Vosberg-Torgerson Director of Finance and Operations.

2012 City Budget Public Hearing Budget Process Annual Revenue Survey – February 22 First Budget Work Session – May 2 Second Budget Work Session.

Taxes and TIF’s A School District Perspective. What is the Tax Cap? What is the Tax Cap? (PTELL) The tax cap limits the extension of a taxing body’s budget.

Public Hearing Park Hill School District August 28, Tax Rate.

On Local Government Indiana’s Property Tax, 2008 Larry DeBoer Purdue University February 1, 2008.

Work Session Four 2011 City Budget ~ Manhattan ~ Kansas.

What is the proposed ballot issue? Referred measure 3B: Increased funding for education in School District 51 only Shall taxes on peoples’ property (house,

CLASSIFICATION HEARING Presented by John H. Neas Chief Assessor.

CLASSIFICATION HEARING Presented by John H. Neas Chief Assessor.

1 State Aid to School Districts in New York State: An Overview Based on the Laws of 2007 State Aid Work Group New York State Education Department April.

Alliance Management Group Tax Year 2012 Update 1.

CHANGE IN ASSESSED VALUATION 2007 Net Assessed Valuation$4,623,124, Net Assessed Valuation$3,912,127,450 Net Increase (Dollars)$710,997,250 Net.

How is my tax bill calculated? Answer on the following slides.

Understanding Your Property Tax Bill Tuesday, February 22, 2011, 6:00pm Thornton Room T-107 Thornton Township High School District 205.

WARREN TOWNSHIP SCHOOL DISTRICT 2013 – 2014 PROPOSED BUDGET Dr. Tami Crader, Superintendent of Schools Warren Township Board of Education Mrs. Patricia.

TONAWANDA CITY SCHOOL DISTRICT Veterans Property Tax Exemptions and School Taxes March 24, 2015.

Supplemental Levy Election Tuesday, March 11, 2014.

Article 35 Extension of the Means Tested Senior Tax Exemption Program Annual Town MeetingMay 4, 2015.

Major Tax Structures: Property Taxes Troy University PA6650- Governmental Budgeting Chapter 10.

Convocation October MATC Budget  Operating Budget Funds all operating expenses (e.g. wages, benefits, utilities, supplies, leases, etc.) Subject.

Proposed 2013 Property Tax Levy Tax Levy 2013 levy request = $21,814,158 Operating levy frozen since 2009 levy Estimated decrease in city-wide EAV.

Understanding the Tax Calculation Teddy Dumlao. Key Questions What are the sources of income? What is the relationship between tax rates and tax amounts?

© 2013 All rights reserved. Chapter 9 Taxes and Assessments1 New York Real Estate for Brokers, 5 th e By Marcia Darvin Spada Cengage Learning.

Understanding the Tax Calculation Teddy Dumlao. Key Questions What is the relationship between tax rates and tax amounts? What governing board decisions.

Millinocket A Historical Perspective.  Paper mill construction created Millinocket  Population grew with influx of skilled workers to construct the.

West Contra Costa USD Presentation to the Facilities Subcommittee Chevron Update March 17, 2012.

January 13,  Real property – land and improvements  Personal property – everything not included in real property.

Jennifer Wislocki, Board of Finance Thomas E. Marsh, First Selectman Pamela Christman, Chester Elementary School 10/20/20151.

TOWN OF NORTH CASTLE 2014 Preliminary Budget Budget Hearing November 20 th, 2013 Supervisor Howard Arden Councilmembers Michael Schiliro, John Cronin Diane.

August 13,  It is a unit of measurement used to levy taxes against property.  Local tax rates against property are always computed in mills.

Evanston Library Board Funding Forum Wednesday, September 1, 2010 Diane Allen-Jacobi, Board Secretary.

Lincoln Public Schools Budget Tool Kit. Timeline for Budget September Last Friday - Enrollment January-March Staffing Conferences January-April.

Town of New Castle 2016 Budget Presentation Tax Cap Information  The tax cap refers to the amount the Town is permitted to raise the tax levy.

Lincoln Public Schools Budget Tool Kit. Timeline for Budget September Last Friday - Enrollment January-March Staffing Conferences January-April.

Property Taxes. Provide the municipality with the funding it needs to provide services to its residents –Garbage collection, libraries, pools, parks,

Property Tax Principles and Indicators

Real Estate Sales July Mobile & Baldwin County Single Family Residential Homes Sold - Trend DecFebAprJunAugOctDecFebAprJunAugOctNovDecJanFebMarAprMayJunJul.

The Financial Impact to Veterans and Non-Veterans.

City of Excelsior 2014 Budget Presentation December 2, 2013 City Council Meeting.

January 20, 2016 Dave Kubik, Dubuque County Assessor and Rick Engelken, Dubuque City Assessor.

Todd County Schools Setting the Tax Rates For School Year 2012.

Alliance Policy & Management Group TAX YEAR 2015 UPDATE SEPTEMBER 18,

Alliance Policy & Management Group Tax Year 2014 Update September 19, 2014.

Fiscal Year 2015 Classification Hearing Presented by: Alyce Johns Principal Assessor.

2008 PROPERTY TAX LEVY RICHFIELD PUBLIC SCHOOLS LEVY INFORMATION.

Property Taxes and Levies Property taxes are a levy from and a primary source of income for our school district 1.

Public Hearing Presentation Proposed 2011 Budget for the City of Rochester December 6, 2010.

Primer on King County’s Finances with a Focus on Roads Presentation to Bridges & Roads Task Force Dwight Dively, King County September 16, 2015.

Proposed School Bond Referendum September 26, 2017

Overview of Mayor’s 2017 Recommended Budget and Levy

Granite School District

Funding and Support Subcommittee September 25, 2013

Tax Levy Hearing September 26, 2016

2018 Levy Request County Board Workshop August 8,2017.

2019 Levy Request County Board Workshop August 2018.

FINAL 2018 Budget December 14, 2017 City Council Meeting 12/14/2017

2017 Calendar Year Budget Presentation

Property Tax Rates Property Taxes.

Work Session Follow UP Aug. 23, 2018.

Town of Broadway Fiscal Year 2019 Budget May 1, 2018.

Amagansett Union Free School District Making a Difference

Local Government in South Carolina

Presentation transcript:

1 Nassau County Department of Assessment Unfair School Property Tax System Is It Time for an Income Tax? Presented By Harvey B. Levinson Chairman, Board of Assessors July 2007

2 Great Ideas – Three Stages All great ideas go through three stages: Stage One – They are ridiculed Stage Two – They are strongly opposed Stage Three – They are considered to be self-evident

3 Ability to Pay “The assessed value of a home is not an indicator of a family’s ability to pay school taxes. We have to explore alternatives to providing school district funding to help families on Long Island who find themselves ‘house rich and cash poor’ and struggle to pay their property taxes.” Harvey B. Levinson Chairman, Nassau County Board of Assessors

4 Levittown & Hicksville * Excluding Sewer Taxes Homes with the same value pay the same taxes, but only for the Nassau County portion of the taxes, which is approximately 15% of the total property tax bill.

5 SCHOOL BUDGET LEVIES Total raised by School Budget Levies in the year is $3.47 billion Presently, two-thirds of the levy is paid by residential homeowners, and one- third is paid by commercial tax base In , New York State gave Nassau County over $357 million in STAR reimbursements

6 School Tax Disparity Homes with the same Market Value pay widely different school taxes The following slides illustrate examples of the disparity between districts Tax rates on all parcels are per $100 of Assessed Value

7 Levittown and Island Trees Levittown pays $1,505 more! Tax Rate $735 Tax Rate $553

8 Baldwin, Oceanside and Long Beach Baldwin pays $1,278 more than Oceanside and $2,908 more than Long Beach! Tax Rate $667 Tax Rate $525 Tax Rate $360 Long Beach $3,320

9 Westbury and Carle Place Westbury pays $2,036 more! Tax Rate $673 Tax Rate $466

10 Hewlett-Woodmere and Lawrence Hewlett-Woodmere pays $6,625 more! Tax Rate $667 Tax Rate $382

11 Roslyn, Port Washington & Manhasset Roslyn pays $3,555 more than Port Washington and $6,517 more than Manhasset! Tax Rate $558 Tax Rate $421 Tax Rate $307

12 Suffolk County – Town of Huntington School and Library Tax (includes Basic STAR) Average Home Value $577,000

13 School District Income Tax Proposal

14 School District Income Tax Proposal (cont.)

15 Advantages of a Residential School District Income Tax END