School tax apportionment: RPTL 1316

School tax apportionment using the provisions of RPTL 1316

Example:

The school district is located in four towns. Towns A, B, C, and D.

There is a designated large property in Town C.

The assessed value of the large property is \$50,000,000.

The State equalization rate for Town C is 60.00 and the apportionment rate for Town C is 50.00.

Steps 1 and 2

• Apportion the tax levy using State equalization rates,
• determine the tax rate for the town with the designated large property.
Steps 1 and 2
Municipality Assessed value Equalization rate Full value Levy Tax rate per 1,000
Town A 2,000,000 50.00 4,000,000 82,569
Town B 100,000,000 100.00 100,000,000 2,064,220
Town C 100,000,000 60.00 166,666,667 3,440,367 34.40
Town D 5,000,000 25.00 20,000,000 412,844
Total                                                       290,666,667 6,000,000

Step 3

• Determine the tax for the designated large property using the tax rate developed in the previous step

Property and municipality             Taxable AV        *    Tax rate     =        Taxes
Large property in Town C              50,000,000             34.40               1,720,000

Steps 4 and 5

• Subtract the tax for the Designated Large Property from the levy and subtract the taxable assessed value of the Designated Large Property from the assessed value of the town with the large property,
• apportion the remaining levy using the apportionment rate for Town C.

The apportionment rate was determined by removing the assessed value and full value of the large property from the town-wide totals. The apportionment rate for Town C in this example is 50.00.

Steps 4 and 5
Municipality Assessed value Equalization rate Full value Levy Tax rate per 1,000
Town A 2,000,000 50.00 4,000,000 76,429 38.21
Town B 100,000,000 100.00 100,000,000 1,910,714 19.11
Town C (excluding large property) 50,000,000 50.00 100,000,000 1,910,714 38.21
Town D 5,000,000 25.00 20,000,000 382,143 76.43
Total                           224,000,000 4,280,000

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