Roslyn Public Schools

School Tax Projection

for the 2011-12 School year

 

 

On this Page:

The Tax Levy

Homeowners' Average Estimated Taxes

Tax Calculator

 






TAX LEVY

2010-11 2011-12 $ change % change
Budget $95,816,235 $97,634,983 $1,818,748 1.90%
Total Revenues $ 6,284,211 $ 5,935,972 ($348,239)  
Fund Balance $ 2,400,000 $ 2,300,000 ($100,000)  
Applied Reserves $1,166,531 $1,773,914 $607,383  
Tax Levy $85,965,493 $87,625,097 $1,659,604 1.93%

The tax levy is the total amount raised in property taxes annually. It is equal to the school budget minus all other forms of revenue, as shown above. Tax and revenue projections are based on the most current available information from Nassau County and New York State.






HOMEOWNERS' ESTIMATED
AVERAGE ANNUAL SCHOOL TAXES

2010-11 2011-12 $
change
%
change
North Hempstead $11,984 $12,170 $186 1.56%
Oyster Bay $ 6,343 $ 6,376 $ 33 0.52%

Property taxes are influenced by many factors that are not controlled by the Board of Education. These include changes in assessed valuation, base proportions (the amount paid by homeowners compared to other classes of real property, such as businesses), and the STAR and other tax exemptions. Reassessment of individual homes may also affect taxes paid. (To read more about how school taxes are determined, click here.)

It is important to note that these calculations are based on a home assessed at the median value, so that half the homes in the district are assessed at a higher value, and half at a lower value. The median assessed value in North Hempstead is $1,758 (market value of $703,200, down 4.66 percent from last year).

With these caveats in mind, tax increases for homes in the Roslyn School District may range from...

$133 for a house with a market value of $500,000 to
$267 for a house with a market value of $1,000,000 to
$400 for a house with a market value of $1,500,000

...assuming that these homes decrease in value at exactly the same rate as the "average" home in North Hempstead.

Projections are based on the most current available information from Nassau County and New York State.






CALCULATE YOUR TAXES

To calculate how your school taxes may have changed from last year to this year, you will need to know your home's assessed value for both 2010-11 and 2011-12. If you don't know your assessed value, visit the website of the Nassau County Assessor, www.nassaucountyny.gov/mynassauproperty, and select "Property Search."

 

Step One: Calculate Taxes for 2010-11:

assessed value: school taxes:

Step Two: Calculate Taxes for 2011-12:

assessed value: school taxes:

Step Three: Subtract 2009-10 taxes from projected
2010-11 taxes to determine the increase or decrease:

taxes 11-12: — taxes 10-11: increase (decrease):

 

Note: STAR exemptions are not included in this calculation.

For assistance with this calculator or additional budget and tax information, please contact Assistant Superintendent for Business Joseph C. Dragone at 801-5030.


 

Read more about how property taxes are determined: click here