Originally Posted by yaksplat
Just got my 2020 school tax bill. My assessment went from full market value of 298,700 to 268,000. My taxes went from 3,647.80 to 3,367.13, which is a drop of 7.7%.
You did well. However, looking at your math:

Your assessment decreased by 10.3%.

$3,647 (2019 school tax) X 10.3% = $376 (expected reduction)

Your school tax was lowered from $3647 to $3367 = $280 (7.7%)

Therefore, in reality your school tax increased by $96. That is still reasonable in comparison to what unit owners in my townhouse complex are experiencing: assessment increases of 30+ percent and average school tax increases of $280; and higher.

The 100% market value reassessment also lowered the Enhanced STAR deduction by $45 – from $1,032 to $987.

And, the tentative town budget will be out by October 1. Are you ready for some more good old New York tax increases?