How School District Budgets Impact Your Property Tax Burden

Steven M. Fink, Esq.

What Every Property Owner Should Know About School Taxes

In New York, one of the biggest drivers of property taxes is your local school district budget. While the county, town, village and/or city establishes tax assessments, it’s the school budget that determines a large portion of the tax rate applied to those assessments. In many communities, school taxes make up well over half of the total property tax bill.

 

Here’s how it works: School districts vote annually on their budgets for the upcoming year. Once a budget is approved, the district calculates how much revenue must be raised through property taxes. That number, divided among all taxable properties in the district based on their assessed values, determines the school portion of your tax bill.

 

This means two things for property owners. First, even if your county, town, village and/or city doesn’t raise assessments, your taxes can still go up if the school budget grows. Second, if your property is over-assessed, you end up carrying more than your fair share of that school tax burden.

 

That’s why filing a tax grievance isn’t just about correcting a number on paper—it’s about ensuring that when school budgets rise, you’re not paying more than your fair share of the increase. By keeping your assessment accurate, you protect yourself against unnecessary spikes in your school tax bill year after year.

 

At Blodnick, Fazio & Clark, we help property owners challenge inflated assessments, so their school tax liability (and overall tax burden) is fair. If you’re concerned about rising school budgets, now is the time to contact us for a complimentary review of your property’s assessment.

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