Archive: News

August 8 -- The Lansing School Board approved a resolution to fix the tax levy for the Lansing Central School District at $12,640,111.00 at their regular Monday night meeting. This levy is necessary to raise money for the current budget authorized by Lansing voters not to exceed $20,007,661.00.

The tax rate comes to $18.379 per thousand of assessed value, explained Interim Business Administrator, Gary Alger. He said this rate is lower than last year, though not as low as the 18.11 that had been estimated for this year. School tax collection begins September 1 and ends October 31. An optional installment plan adds 2.5% to the total taxes.

Understanding Your School Taxes:

Assessment: A percentage of a property's market value is the property's assessment. Normally your assessment is based on the market of similar homes that have been recently sold in your area. New York State law provides that all properties within a district must be assessed using the same percentage of the market value when calculating each home's assessment. When your home is assessed you are given the opportunity to challenge the figure if you feel it is unfair.

Tax Levy: Revenue from all sources other than taxes is subtracted from the 2005-2006 school district budget to determine the tax levy. These other sources may be State aid, sales tax revenues, user fees or other sources. Even though the budget is more than 20 million dollars, the amount that must be raised in taxes is just over twelve and a half million dollars.

Tax Rate: Once you have determined the tax levy you can figure out the tax rate by dividing the levy by the total value of property within the district. This year you will pay $18.379 for each thousand dollars of your assessment.

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