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Calculate your estimated tax bill for
the 2007-08 school year

How to calculate your estimated tax bill for 2007-2008

Many district residents may be wondering how the recent city-wide reassessments will affect their 2007-08 tax bill under the proposed budget.

When trying to estimate the impact of your new assessment, you cannot simply multiply the NEW assessment by the OLD tax rate. How your school taxes are impacted will depend upon your new assessment and the projected tax rate for 2007-08 under the proposed budget that voters will decide on May 15.

If voters approve the proposed budget, the new school tax rate for homestead property owners in Albany is projected at $15.51 per $1,000 of assessed value, and for non-homestead properties is projected at $24.87 per $1,000 of assessed value.

Follow the steps below to calculate your estimated school tax bill for 2007-08

When entering figures below
DO NOT use commas or decimal points.

Step 1:

Enter your new assessed property value:

$
Step 2:

Select the type of STAR exemption that you receive. If you do not receive a STAR exemption, select none:

Step 3:

Select your property type, Homestead or Non-homestead

Step 4:

Click this button to calculate your estimated school tax bill for 2007-2008:

$

This estimate does not include anticipated property tax rebate checks from New York State:
Property owners are also likely to receive additional tax relief in the form of a state rebate check, according to the New York State Division of Budget and the State Office of Real Property Services. Savings as a result of this rebate check are not included in the property tax calculator estimation above.

The New York State Division of Budget estimates that a property owner in Albany with a household income of $90,000 or less would receive a state rebate check of $410 this coming fall. By comparison, Albany property owners enrolled in the Basic STAR program received a rebate check in 2006 of $192.33.

For more information about STAR and this property tax rebate program, please visit:

>Start Over

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