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David W. Ziskin

Superintendent of Schools

25 High Street

Fort Plain, NY 13339

518.993.4000

 

 
 

BOE tables discussion

FPCSD Board of Education weighs options regarding Alternative Veterans Exemption

During the Oct. 8 meeting, Fort Plain Central School District Board of Education voted to table the discussion on whether to offer a partial tax exemption to local veterans.

Under a new veteran tax exemption law signed in December of last year by Gov. Andrew Cuomo, school districts across New York were given the ability to authorize partial property tax exemptions for military veterans. Implementing the exemption would cause a redistribution of taxes among all taxpayers. Due to the fact that the state does not include any provisions for boards to adjust or discontinue the exemption in future years, the FPCSD board has decided to table the discussion until amendments have been made by the state.

“In these uncertain times, it isn’t prudent to lock ourselves into anything in regards to taxpayer money without clear guidelines for future adjustments should the need arise,” explained Fort Plain Superintendent Douglas Burton.

Background

The Veteran Tax Exemption would offer up to a 15 percent reduction in assessed value for veterans who served during a time of war, plus 10 percent for those who served in combat zones. Veterans could also receive a reduction based on their service-connected disabilities.

Implementing a tax exemption causes a redistribution of taxes among taxpayers, or a tax shift. Exemptions do not affect the total amount of money a district needs to raise – the tax levy. Therefore, if a town’s assessed value decreases due to exemptions, then all taxpayers would need to pay more to make up the difference. The tax rate per $1,000 of assessed value would increase for all taxpayers to generate the same amount of taxes (i.e., the tax levy).

For more information visit http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/sec4_01/p9_guide.htm.