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Post by concerned on Apr 26, 2007 20:20:48 GMT -5
Can anyone tell me what the projected increase is per household if the budget passes? My neighbor just called and asked, having heard that the budget increase is 9%. I'm not sure if this is accurate.
Thanks.
concerned
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dborg
New Member
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Post by dborg on Apr 26, 2007 20:33:47 GMT -5
Concerned...that number is a bit misleading and here's why...most of plainedge residents, those who make under $120,000, which is about 66% of all residents, qualify for the Star Rebate...after that is ulitized 66% of our residents will actually receive a rebate of $17.00. So they will see no increase at all in their school taxes. I encourage you to go to www.plainedgeschools.org and visit the budget newsletter that is scheduled to be mailed out to all residents next week and you will see that the above information is accurate. Hope this helps. Donna Borgogelli
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Post by Go Plainedge! on Apr 26, 2007 20:39:01 GMT -5
Donna...welcome to the boards. Thanks for contributing! Concerned - The budget to budget increase is 7.43%. As far as the tax levy, lets wait and see what the final numbers come out to be. As much as I would like to believe what is printed, past history shows that it seems to not be truly accurate. Here is the link to the newsletter that DBorg is taking about: troutman.plainedgeschools.org/district/misc/PlainedgeBudgetNewsletter07.pdf
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Post by concerned on Apr 27, 2007 21:36:45 GMT -5
Thanks Go Plainedge and Donna-I looked through everything. I now see why my neighbor thought it was a 9% increase. 9% was the administrative component.
So, if you make less that $120,000 they believe residents could actually get a $17 rebate and if you earn up to $250,000 the increase per household could be $308?
Is this accurate? I just remember Dr. Burns last year giving us a formula to calculate our specific household increase and it was pretty much right on target.
The newsletter was helpful.. Did this go home? If so, I never saw it.
I also didn't realize Nancy Giris is running for the school board. She has put her time in at meetings. What a great person to elect!!! She knows what's going on and has great history. I always hoped she would run someday!!
Concerned
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dborg
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Post by dborg on Apr 28, 2007 19:32:44 GMT -5
Hi Concerned.
As per the BOE, the school newsletter is scheduled to be mailed to homes this week. So i don't think you missed it.
I'm glad that it helped clarify matters for you and i just have one word for you EDUCATE.
Please EDUCATE your friends and neighbors about the true budget situation that is occuring, not just the 9.3 number they are hearing about in the news. Of course the Star exemption won't make the news, of course the reinstatement of various programs won't make the news either...its not glamerous.
So educate all those around you so they can get the true and accurate story. Glad this info helped.
Thanks
Donna
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Post by workingmom on May 4, 2007 20:49:50 GMT -5
In speaking with people in the community, I think some simple education on our property taxes and how it all works could be helpful to all. STAR Rebate for 2007 • A rebate check will be issued in the fall • Property owners who receive the basic STAR exemption on their 2007-2008 school tax bills will have to apply for the rebate and supply income verification to qualify – Instructions will be available in August at www.tax.state.ny.us• Senior Citizens with enhanced STAR will not need to submit a separate application The Assessed Value of Your Property The Nassau County Department of Assessment establishes an assessed value on property to serve as the basis for property taxes. For the 2008/2009 tax year (October 2008 School Tax and January 2009 General Tax), the value of your home was already determined and published January 2, 2007. You had the opportunity to challenge the tentative assessed value of your home before March 1, 2007. More information on challenging your assessed value is available at www.nassaucountyny.gov/agencies/ARC. Your next opportunity to challenge the assessed value of your home won't come until after January 2, 2008.... Does Plainedge Have High Taxes? The tax levy in Plainedge is predominately on the shoulders of the homeowners as there is very little commercial property in Plainedge. A look at Plainedge as compared to neighboring Bethpage where the value of the homes are comparable and the two districts are very similar in terms of proposed budget dollars, estimated tax levy, amount of state aid and number of students. The school taxes in Plainedge are more than what they are in Bethpage, due solely due to the lack of commercial property taxes. Bethpage has businesses such as Northrop Grumman and Cablevision who contribute to the school taxes. Additionally, in looking across the country, state aid for schools on average nationally is about 59%. In New York State, state aid for schools is about 39%, but on Long Island, state aid is around 20%. So we are definately not receiving our fair share of state aid, mainly because of the high value of our homes. Gov Spitzer is trying to make some changes to the state aid formulas by giving foundation aid and next year to use the income of the communities as a factor, but these formulas are soooo complex that it is not an easy task.... What Does this Mean for Most Plainedge Property Owners? Based on all the information available, when the budget passes, the estimated tax increase for an average home assessed at $447,000 is $632 and the average STAR rebate for two thirds of Plainedge residents is estimated at $649, so most Plainedge property owners will pay LESS tax in 2008/09. I believe some people believe that the school budget is the main thing that causes their property taxes to rise. While the school budget does determine the amount of taxes overall that need to be raised, it is really a combination of the increasing assessed value of the home, the lack of commercial property tax and the fact that Plainedge receives less than our fair share of state aid that causes the higher taxes year after year. Just my 2 cents!!! Anne. I hope this helps!!!
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Post by mythreekids on May 4, 2007 22:41:33 GMT -5
Working Mom writes: "Based on all the information available, when the budget passes, the estimated tax increase for an average home assessed at $447,000 is $632 and the average STAR rebate for two thirds of Plainedge residents is estimated at $649, so most Plainedge property owners will pay LESS tax in 2008/09." -------What home in Plainedge is assessed at $447,000? ??---- that is not the average- I would say the average is anywhere from $500,000- $650,000...?
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Post by workingmom on May 5, 2007 8:18:45 GMT -5
This came from the Budget Newsletter from the School District, and I believe it takes into account all the homes in our community from the Nassau County Department of Assessment, but I did an informal check in my neighborhood and the assessment of the homes are all between 400,000 and 450,000. What did the notice you got from the Board of Assessors in January put your house at - it would be an exact number....
Remember, even if your house can sell for 500,000, if your house was assessed at 400,000 last year, they most they can increase your assessment from one year to the next is 6%.
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Post by workingmom on May 5, 2007 8:39:04 GMT -5
Also, you can check your own home on the NC Dept of Assesement website - www.nassaucountyny.gov/mynassauproperty/main.jspIt shows you the adjusted market value the Dpt of Assmnt used for your home for the 2006/07 tax year, the 2007/08 tax year and 2008/09 tax year. The adjusted market value is what they use to determine the assessed value for tax purposes, while the fair market value is what they think you can sell your home for. My home has gone up the last 3 years.... My neighbor challenged his assessment and is still waiting as the Department ihas been inundated with challenges this year.
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Post by concerned on May 8, 2007 21:29:33 GMT -5
So, you're saying we have to apply for an additional STAR credit and that it doesn't just occur automatically? How did I miss this fact?
Concerned
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Post by 4thekids5 on May 8, 2007 23:09:02 GMT -5
Another fact you might want to look into. If you have refinanced your home recently you must re-apply for your star also.
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Post by guardian16 on May 11, 2007 4:40:11 GMT -5
In addition to the information working mom has given I would like to add this:
This is an appeal to everyone to get the accurate picture before answering budget questions on this site and out in the community.
According to the budget brochure posted on the district website, (“Estimated Expenditures”) the budget-to-budget increase is 7.43%. That means that the school district is going to spend 7.43% more (or $4,724,860 more) in 2007-2008 than it did in 2006-2007. This percentage has nothing to do with the tax increase.
If you look at the “Estimated Revenue” you will see that the estimated total property tax receipts that must be collected from the community for next year’s budget increased by 9.33%. (This percentage has nothing to do with the administrative component of the budget.) The 9.33% increase in property taxes ($4,355,100), PLUS the increase of $870,079 in state revenue (for this year only), PLUS the $19,684 increase in “other revenue” (for this year only), MINUS the $500,000 fund balance withdrawal to reduce the tax levy, brings the total increase in revenue to the school district from all sources to $4,724,860 or 7.43%. This additional 7.43% in revenue is what’s needed to pay for the $4,724,860 or 7.43% increase in spending.
Even with the Star rebate, the community’s property taxes are still going up by 9.33%. That’s what the TOB will be asking for, and that’s what the banks that hold our mortgages are going to be asking for to increase our escrow accounts to pay the TOB. Homeowner’s will be getting a break with the Star rebate, but that has no effect with the TOB – they still need to collect 9.33% more in order to meet the school district tax levy! The Star rebate checks come directly to the homeowners – not to the TOB or to your mortgage company to reduce your tax bill. However, the GOOD NEWS is if every homeowner takes that rebate check and puts it aside for their new escrow amount to pay that 9.33% increase, then they will not feel any pain by passing the budget, and our kids can get everything we want for them. If people spend that money on anything else, then they are going to be upset when their new tax bill comes and they have to come up with the difference.
So please… when you go out to get YES votes you need to be honest in explaining the numbers to people and advise them that they need to put those rebates aside for their taxes and not spend them on anything else. If they are led to believe their taxes are only going up 7.43% and then find out otherwise when they get their bills, you will wind up with a lot of angry, distrustful people and you will be setting our kids up for a failed budget the following year.
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Post by pedgeneeds on May 11, 2007 7:30:05 GMT -5
Guardian,
I don't know who you spoke to, but it was explained to me correctly. The rebate would come directly to the homeowner. It would be the HOMEOWNERS decision to apply it to their tax increase there by practically eliminating it for 66% of the households OR they could spend it on anything else they wanted.
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Post by plainedgeammo on May 12, 2007 18:08:08 GMT -5
Guardian,
Excellent explanation of the supplemental star rebate. Additionally, some people were confused and did not realize that this was an additional rebate.
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Post by 78ptownpower on May 12, 2007 22:48:21 GMT -5
correct me if I'm mistaken..I believe that the supplemental star needs to be apllied for above and beyond the basic star application. Correct?
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