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BOE: Average School Property Taxes Will Decline

Zero Percent Change in the Tax Levy, Reduction in Base Proportion Will Lower Many Homeowners’ Taxes

 When the Roslyn Board of Education voted unanimously on Aug. 17 to keep the tax levy at the same level as last year, it looked as though property taxes on the average home in Roslyn might still have a small increase. But with final figures just released by the Nassau County Department of Assessment, it now looks as though the zero percent change in the tax levy will result in a small reduction in taxes for many homeowners.

These are the findings of the Roslyn School District’s board of education. BOE members claim that for the first time in many years, the percentage of the overall tax burden falling on homeowners (known as the adjusted base proportion) will decline slightly in 2010-11. Together with a school budget increase of one percent, a tax levy change of zero percent, and declining assessment values, this will result in a tax decrease of $84 for a home assessed at the average value in the Roslyn School District, the BOE added.

 Base proportions and assessments are determined by Nassau County; the school budget is the only part of the property tax equation that is controlled by the school district and its voters, BOE members also noted.

In August, the Board decided to apply nearly $1.2 million from the district’s reserve funds, and to increase its estimate of recovered funds by $400,000, in order to lower the increase in the tax levy to zero, thereby providing tax relief to local residents during this period of economic uncertainty. The increase in the estimate of recovered funds, BOE members claim, was the result of successful litigation against the architect and construction manager for the 2000 Bond Project at the Roslyn Middle School.

In addition to the appropriated fund balance of $2.4 million, the Board decided to use nearly $1.2 million of reserve funds to keep the tax levy at the same level as it was in 2009-10. At the time of the budget vote last May, the levy was projected to increase by two-thirds of one percent.

The impact of these changes on individual property owners will vary, BOE members added. Homeowners can find more information and calculate their own school taxes using the interactive Property Tax Calculator online at: