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Business office briefs board: 5.09% levy increase kept tax rate per $1,000 lower for most homeowners
Summary
District financial staff updated the board on the tax warrant, saying the 5.09% levy increase reflected tax-base growth and resulted in a lower tax rate per $1,000 in Beacon compared with previous years; board approved the warrant 8-0.
The district’s business office briefed the Board of Education on the tax warrant and levy calculations before the board voted to approve the warrant.
The business official said the district’s levy increase was 5.09% — at the tax cap — and noted a tax-base growth factor of about $1,200,000 during the budget process. The presentation said changes in assessment values varied among the three municipalities that make up the district (Beacon, Fishkill and Wappingers); Fishkill and Wappingers saw larger assessment increases than Beacon. The presenter said Beacon’s homestead tax rate per $1,000 decreased to 11.73 from 11.98 despite the levy increase.
The board approved the tax warrant by roll-call vote, 8 to 0.
