I got to wondering about this yesterday and this is what NRs 2012 budget means to me.
My home is assessed at $17,000 so the city portion of my property taxes will be $3,154.01 (multiply the assessment by the new tax rate off $185.53 and then divide by 1,000 because the tax rate is per $1,000 of assessment) then add on the garbage tax of $223.00 to bring my total tax bill to $3,357.01. Now in comparison, I paid $3,042.68 last January. To calculate the percentage increase over last year, take the difference ($314.33) and divide it by the amount of tax paid last year or 10.3307%.
This example is for properties assessed at $17,000 so if your property is assessed lower; your tax % increase will be higher because the garbage tax is fixed. Likewise, if your assessment is higher than $17,000 the percentage increase will be lower, also because the garbage tax is fixed.
Let’s all give a big thanks Noam & Chuck for the gifts they’re taking from under everyone’s tree this year.
I found it unsettling after reading several articles on the budget that Noam, Chuck and the City Council members that voted for it all complained about what a tough budget year it was and how they had to make difficult decisions and yet we the homeowners got stuck with a 10.33% tax increase so I don't think they made any difficult decisions or maybe not enough difficult decisions?
And then when I hear Noam say we need to focus on next years budget now, I’d like to know where the heck he’s been for the last decade because year after year NR has passed 1 structurally unbalanced budget after another & that’s why the increase is so large this year, because our city leaders have never reigned in any type of spending.
Our leaders have really skirted their responsibilities by handing down a 10.33% increase that's 5 times what Gov. Cuomo's tax cap calls for. And to add insult to injury, Noam thought it a good idea to hire yet another consultant for $100k to do what I have no idea nor do I care but we'll probably find their name on the Bramson donor list somewhere.