Tax rates for the 2018-2019 school year were adopted at the Board of Education Meeting on June 20, 2018. Tax bills will be mailed out to residents by June 29. Payments will be collected in July. Please see our website for payment options.
The Troy City School District will collect an additional 1.54% in taxes, as approved by the voters on the May 15 vote. Residents in the Town of Brunswick will see their school tax bill increase 5%, whereas residents in the City of Troy will see their school tax bill increase .28%. This is due to equalization rates issued by the New York State Department of Taxation and Finance (NYSDTF).
Equalization rates are issued in school districts with multiple municipalities such as the Troy City School District. To fairly distribute school district taxes among multiple municipalities, the level of assessment of each municipality must be equalized to full market value.
Equalization rates are determined by NYSDTF based on property values. Assessed values in Troy have remained unchanged, at 100% of market value. In Brunswick assessed values are at 25.5% of market value, down from 26.7% the previous year. Equalization rates have not changed in the Troy City School District since 2014.