Post by Chris_Wendt on May 25, 2011 6:44:27 GMT -5
For those anticipating a 2% Tax Cap next year, yes, there will be a "2% Tax Cap" in effect next year. But you can forget about YOUR taxes being capped at 2%.
Here's why:
1. Pension costs are excluded from the cap, so it isn't even a ""TAX"" cap; it is melded spend-and-tax cap.
2. IF the tax cap were in effect THIS year, then there would have been no need to worry about Wantagh's 3.9999999999999999999% tax levy increase, because more than 60% of the total voters approved Wantagh's tax hike. Actually, 67% of voters approved Wantagh's over-the-cap tax hike.
3. The tax levy has little direct relationship to YOUR school tax bill. As they like to say, the levy is a blended rate, which reflects, loosely, the fact that the NYS Base Proportion Adjustment allocates a higher percentage of the total levy to single family homes than the percentage allocated to apartment complexes, business, and utilities. The tax levy also has no consideration at all for YOUR assessed valuation relative to the rest of the homes in our school district. This will become crystal clear when you receive your first half property tax bill in the Fall, and discover that YOUR school tax went up higher than 3.9999999999999%.
Tax cap? Interesting, if only for its predictability and perceived value as an instrument of extreme political pandering by what now amounts to every last state legislator and our governor, regardless of party affiliation.
I told you so....
Chris Wendt
Here's why:
1. Pension costs are excluded from the cap, so it isn't even a ""TAX"" cap; it is melded spend-and-tax cap.
2. IF the tax cap were in effect THIS year, then there would have been no need to worry about Wantagh's 3.9999999999999999999% tax levy increase, because more than 60% of the total voters approved Wantagh's tax hike. Actually, 67% of voters approved Wantagh's over-the-cap tax hike.
3. The tax levy has little direct relationship to YOUR school tax bill. As they like to say, the levy is a blended rate, which reflects, loosely, the fact that the NYS Base Proportion Adjustment allocates a higher percentage of the total levy to single family homes than the percentage allocated to apartment complexes, business, and utilities. The tax levy also has no consideration at all for YOUR assessed valuation relative to the rest of the homes in our school district. This will become crystal clear when you receive your first half property tax bill in the Fall, and discover that YOUR school tax went up higher than 3.9999999999999%.
Tax cap? Interesting, if only for its predictability and perceived value as an instrument of extreme political pandering by what now amounts to every last state legislator and our governor, regardless of party affiliation.
I told you so....
Chris Wendt
