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Majority of taxpayers in Potsdam school district will see tax rate decrease

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POTSDAM — An increase in assessments will mean the majority of taxpayers in the Potsdam Central School District will see a tax-rate decrease.

Before the board of education adopted the 2013-14 tax rate, Superintendent Patrick H. Brady explained how changes in equalization rates and assessments will affect the district’s taxpayers this year .

In the town of Potsdam, which completed a revaluation this year, taxpayers will see a tax rate decrease of 6 percent to $22.74 per $1,000 of assessed property value. The revaluation added 11.08 percent, or $41,018,179, to the town’s taxable value.

Although the tax rate for Potsdam residents decreased, Mr. Brady said, that doesn’t necessarily mean a lower tax bill.

“If the owner of a property’s assessment went up 6.33 percent or less, they will see a decrease in taxes,” he said.

When district voters approved the budget, they approved a 3.99 percent tax levy increase. In order to see an increase of that magnitude, Mr. Brady said, a property owner’s assessment would have to increase 10.57 percent.

Taxpayers in Canton, where the equalization rate is 100 percent, will also see a tax rate of $22.74 per $1,000 of assessed property value. For Canton property owners, a 9.55 percent assessment increase led to a tax rate decrease of 2.07 percent.

While making up less than 4 percent of the district’s tax base, taxpayers in Parishville will see the biggest tax rate decrease due to an increase of 10.54 percent in their equalization rate from 5.6 to 6.19 percent.

Their tax rate will decrease from $414.56 per $1,000 of assessed property value to $367.39 per $1,000.

In Stockholm, where the equalization rate remained the same, taxpayers will see a tax rate decrease of 2.02 percent thanks to a 1.79 percent increase in total assessed value. With the decrease, the tax rate will be $24.72 per $1,000 of assessed property value.

The lone portion of the district to see a tax rate increase is in Pierrepont, where the town’s equalization rate decreased, by 6.7 percent, to 90.5 percent.

The decrease in equalization rate led to a tax rate increase of 5.01 percent or $1.20 per $1,000 of assessed property value, giving the town’s taxpayers a rate of $25.13 per $1,000.

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