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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Question about Nassau County new property tax cap
I got my new school tax bill and the increase was way over 2%. I read the document below but I'm hoping someone can simplify it for me  I'm wondering how we find out if our school district overrode the cap.
Property Tax Cap
Message edited 10/13/2011 1:17:17 PM.
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Posted 10/13/11 1:16 PM  |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: Question about Nassau County new property tax cap
we have had a huge increase again, just got the bill today 1300 dollar increase on school taxes, and the year before that 1700 increase
i dont think that tax cap is helping at all
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| Posted 10/13/11 9:39 PM |
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LL514
LIF Adult
Member since 4/10 1901 total posts
Name:
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Re: Question about Nassau County new property tax cap
i don't think its in effect yet. and when it is in effect I'm sure you'll see what a terrible idea it is
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| Posted 10/13/11 9:47 PM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: Question about Nassau County new property tax cap
Posted by LL514
i don't think its in effect yet. and when it is in effect I'm sure you'll see what a terrible idea it is
at this rate we are approaching 20k a year in taxes...i guess it can get worse?
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| Posted 10/13/11 9:52 PM |
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LL514
LIF Adult
Member since 4/10 1901 total posts
Name:
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Re: Question about Nassau County new property tax cap
putting a cap on the tax is not the answer. making wise financial decisions is the way to cut the fat and reduce cost. but going in a saying hey this is the cap, figure it out, is taking our schools and turning them into the schools that most people move away from
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| Posted 10/13/11 9:59 PM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Question about Nassau County new property tax cap
Our super said that the 2% is only on the day to day operating budget, things like pensions are not included so the taxpayers will see more than 2% increase. Also, it starts with the 2012-2013 school year.
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| Posted 10/13/11 10:07 PM |
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LL514
LIF Adult
Member since 4/10 1901 total posts
Name:
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Re: Question about Nassau County new property tax cap
Posted by CathyB
Our super said that the 2% is only on the day to day operating budget, things like pensions are not included so the taxpayers will see more than 2% increase. Also, it starts with the 2012-2013 school year.
no i think its the other way around. its 2 percent cap for taxpayers but for schools that could translate to less than 2 percent which leads to program and staff cuts
Message edited 10/13/2011 10:18:25 PM.
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| Posted 10/13/11 10:18 PM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: Question about Nassau County new property tax cap
We lived in MA for six years and at the time we were there tax override #6 was on the ballot. The overides were in place for 40 years before they expired so there were overlapping overrides.
It's only going to take a 60% majority to override the cap and since the school votes often pass by more than that I don't see the tax cap doing anything to reduce or control our taxes.
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| Posted 10/13/11 10:42 PM |
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mosh913
baby boy coming spring '11
Member since 5/05 3133 total posts
Name:
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Re: Question about Nassau County new property tax cap
Posted by LL514
putting a cap on the tax is not the answer. making wise financial decisions is the way to cut the fat and reduce cost. but going in a saying hey this is the cap, figure it out, is taking our schools and turning them into the schools that most people move away from
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| Posted 10/14/11 7:47 PM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: Question about Nassau County new property tax cap
It does not go into effect until 2012-2013 school year.
The new law actually states:
It should also be noted that the property tax cap approved by the state Legislature calls for a maximum 2% or rate-of-inflation increase in the tax LEVY, whichever is lower.
The tax RATE is the amount calculated on the individual tax bill. At my district this year it was about 1.9%
The tax LEVY is the total amount of taxes collected by the school district. At my district is was about 1.1%. This is the one that has the 2% Cap.
So, your taxes can in fact increase more than 2% because it is based on the LEVY not the RATE.
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| Posted 10/15/11 1:55 PM |
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bookworm
Two Little Rosebuds
Member since 8/09 2106 total posts
Name:
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Re: Question about Nassau County new property tax cap
Posted by LL514
Posted by CathyB
Our super said that the 2% is only on the day to day operating budget, things like pensions are not included so the taxpayers will see more than 2% increase. Also, it starts with the 2012-2013 school year.
no i think its the other way around. its 2 percent cap for taxpayers but for schools that could translate to less than 2 percent which leads to program and staff cuts
The district is allowed to go over the cap for the fluctuating cost of pensions. The community can also override the cap with a 60% majority.
And PP is right: it won't even become relevant until we start paying for 2012-2013 budgets.
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| Posted 10/16/11 8:55 AM |
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