The Budget and Your Taxes

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The budget and your taxes

Board members acknowledge the need for a 50% tax levy increase to put the Greater Johnstown School District back on solid financial footing. They are currently considering a plan that calls for a 35% tax levy increase in 2019-20 plus a 15% tax levy increase in 2020-21. Board members will adopt a budget proposal for the 2019-20 school year on Wednesday, April 17, and residents will vote on the budget Tuesday, May 21.

Under an approved budget with a 35% tax levy increase, the average taxpayer with a home assessed at $100,000 could expect to see their tax bill increase approximately:

  • Johnstown (City)
    • Basic STAR: $31-$43/month, $1.01-$1.42/day
    • Enhanced STAR: $15-$42/month, $0.48-$1.39/day
    • No Star: $44/month, $1.44/day
  • Johnstown (Town)
    • Basic STAR: $50-$64/month, $1.63-$2.11/day
    • Enhanced STAR: $34-$63/month, $1.10-$2.08/day
    • No Star: $65/month, $2.13/day
  • Ephratah
    • Basic STAR: $48-$60/month, $1.56-$1.98/day
    • Enhanced STAR: $31-$59/month, $1.01-$1.95/day
    • No Star: $61/month, $2.00/day
  • Palatine
    • Basic STAR: $63-$76/month, $2.08-$2.50/day
    • Enhanced STAR: $47-$75/month, $1.54-$2.47/day
    • No Star: $77/month, $2.52/day
  • Gloversville (City)
    • Basic STAR: $30-$41/month, $0.97-$1.36/day
    • Enhanced STAR: $14-$40/month, $0.46-$1.33/day
    • No Star: $42/month, $1.38/day

Estimates are based on current assessments and equalization rates. Actual tax rates are set in August. Basic STAR exempts some of an owner-occupied home’s assessed value from school taxes. Enhanced STAR provides an increased benefit for the primary residences of senior citizens (age 65 and older) with qualifying incomes ($86,300 or less for the 2019-20 school year). Learn more at www.tax.ny.gov/pit/property.

Note, the New York State Department of Taxation and Finance places a 2% annual cap on STAR savings. At this time, the department is unable to determine the effect of this cap on any individual tax bill, nor has the department determined 2019-20 STAR savings for the GJSD residents.

What other options exist to lower the total school tax bill for senior citizens?

Johnstown’s existing tax exemption for senior citizens age 65 and older exempts a portion of the assessed value of a resident’s home from school taxes according to income as follows:

  • Income $10,000 and under, 50% of Assessed Value Exempted
  • Income $10,000.01 to $10,999.99, 45% of Assessed Value Exempted
  • Income $11,000 to $11,999.99, 40% of Assessed Value Exempted
  • Income $12,000 to $12,999.99, 35% of Assessed Value Exempted
  • Income $13,000 to $13,899.99, 30% of Assessed Value Exempted
  • Income $13,900 to $14,799.99, 25% of Assessed Value Exempted
  • Income $14,800 to $15,699.99, 20% of Assessed Value Exempted
  • Income $15,700 to $16,599.99, 15% of Assessed Value Exempted
  • Income $16,600 to $17,499.99, 10% of Assessed Value Exempted

How do Johnstown’s current taxes compare with other area districts?

On average, residents in neighboring school districts saw higher tax bills during the 2018-19 school year than GJSD residents. The tax bill amounts shown (right) are for homes assessed at $100,000 with an equalization rate of 100% without STAR.