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Post by Chris_Wendt on Nov 17, 2014 6:57:14 GMT -5
WUFSD_88 by Chris Wendt, on Flickr Along with the thousands of other Wantaghvians who do not have school-aged children, I cannot express our shocked disappointment when my wife opened the official envelope which came in Friday's mail, which we had expected to contain a check for $350, only to find, instead, a check for the truly insulting amount of $88.00!This must be viewed, the shock, the disappointment, the insult, in light of the... ...MILLIONS and MILLIONS of DOLLARS of EXCESS TAXATION collected by the Board of Education of the Wantagh School District over the past 5 years! Enough is enough already! Now I want my money back, and I intend to see what can be done to make that happen. Incensed, Chris Wendt
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Post by jdelisa on Nov 18, 2014 12:06:07 GMT -5
Chris - not to invoke any paranoia jokes, but maybe it is just you: our check was over $ 350. not forgetting that you were possibly refunded on the incorrect home or just plain property, there are a bunch of qualifications with this "tax relief" but unless you scanned the square QR code in the upper right, you don't see the correct webpage unless you dug deep into the website: happy hunting for your missing bucks, /JDe Eligibility requirements for 2014To receive the credit in 2014, homeowners must meet the following eligibility requirements: 1) Receive the STAR property tax exemption: - The property must be the homeowner's primary residence. - The total household income must be $500,000 or less. 2) The school district where the homeowner's property is located must comply with the New York State Property Tax Cap. Find out if your school district complied with the tax cap this year on our tax cap compliance page [yes, Wantagh did]. Once all checks are mailed, homeowners who do not receive a check and who believe they are entitled to the credit (or who believe their credit was incorrectly calculated) will be able to contact the Tax Department to have their case reviewed.Credit amountsAs a general rule, the freeze credit will fully reimburse eligible homeowners for increases to their property taxes. The freeze credit will be the greater of: - the actual increase in the homeowner's tax bill, or
- the previous year's tax bill multiplied by an inflation factor (the lesser of 2% or inflation). For 2014, the inflation factor for school districts is 1.46%.
Homeowners whose tax bills go down, stay the same, or increase less than the inflation factor will receive a credit equal to the previous year's tax bill multiplied by the inflation factor. To estimate your credit, multiply your 2013 school tax bill by 1.5% (.015).ExceptionsThere are some exceptions. The credit will not reimburse homeowners for increases that are the result of: - improvements to the property that increase its value,
- changes in a property's exemption status, or
- a jurisdiction-wide reassessment to the extent the increase in the property's assessed value exceeds the average change in assessed value
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Post by Chris_Wendt on Nov 20, 2014 6:30:20 GMT -5
Thanks for posting this info, especially: ...the freeze credit will fully reimburse eligible homeowners for increases to their property taxes. The freeze credit will be the greater of:
- the actual increase in the homeowner's tax bill, or
- the previous year's tax bill multiplied by an inflation factor (the lesser of 2% or inflation). For 2014, the inflation factor for school districts is 1.46%
So, over the coming weekend I can dig out my last year's property tax bill and do the math.... Excited!!! Chris Wendt
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Post by jdelisa on Nov 20, 2014 13:24:43 GMT -5
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