The majority of Fayetteville-Manlius School District property owners will see their 2019 tax rate decrease 0.23% compared to the 0.24% increase projected at the annual school district budget vote in May.
The Fayetteville-Manlius Board of Education adopted the 2019 tax levy – the amount of revenue to support the budget raised through school taxes – at its Aug. 12 regular meeting. Due to changes in assessed property value and equalization rates, the final tax rates range from a 0.23% decrease for DeWitt and Manlius residents and a 6.27% increase for Town of Sullivan residents.
The tax rates vary from town to town because every summer the state assigns an equalization rate for each town that creates an assessment value equal to its full market value. This process is intended to ensure that each town pays its fair share of school taxes based on the town’s fair market value.
Three towns show an increase in tax rate due to changes in equalization rates. The most significant changes being in the towns of Pompey and Sullivan. The district does not have any control over property assessments or equalization rates.
The district and its residents do control the property tax levy, and in May, voters approved a spending plan of $85,874,682 that included a proposed tax levy of $63,480,145.
Using that figure, F-M administrators in May estimated residents in the town of Manlius, which makes up 81 percent of the district, would see a tax rate increase of 0.24% and a corresponding tax rate of $0.062 per $1,000 of assessed value. In the town of Manlius, the tax rate established Aug. 12 for Manlius is actually a decrease of $0.06 cents per $1,000 of assessed value, or 0.23%.
The final tax rates for the other four towns within the district are as follows:
- Cazenovia: tax rate increase of 0.77% and a corresponding tax rate of $25.74 per $1,000 of assessed value;
- DeWitt: tax rate decrease of 0.23% and a corresponding tax rate of $25.49 per $1,000 of assessed value;
- Pompey: tax rate increase of 2.42% and a corresponding tax rate of $27.11 per $1,000 of assessed value; and
- Sullivan: tax rate increase of 6.27% and a corresponding tax rate of $27.70 per $1,000 of assessed value.
Questions about assessments and equalization rates should be directed to the appropriate town assessor’s office.