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Proposed levy apportions $390,000 by assessed value; Nassau properties bear ~91.6% of the tax base
Summary
Trustee Forte said the village proposes a $390,000 property tax levy apportioned by assessed value: Nassau properties within the village represent about 91.6% of taxable value and Skoda about 8.4%, yielding tax rates of $8.45 per $1,000 in Nassau and $6.78 per $1,000 in Skoda.
Trustee Forte explained how the proposed $390,000 tax levy would be allocated between the two towns that make up the village. He said properties in the town of Nassau that are inside the village "make up about 91.6% of the value," with the remaining share in Skoda, and that allocation determines how much tax is collected from each municipality.
Forte provided the computed rate outcomes: "The tax rate ... works out to $8.45 per thousand dollars of assessed value in the town of Nassau and $6.78 per thousand dollars of assessed value in the town of Skoda." He gave a rough valuation figure for Nassau properties of $42,295,540 used in the calculations.
