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Pioneer shows numbers behind proposed Greenville veterans tax exemption

May 29, 2018 1:33 pm
Audrey Matott in the Greenville Pioneer crunches the numbers on how much a proposed Alternative Veterans Tax Exemption would cost the school district, and benefit veterans. The town has considered adopting the tax break for the past four years, and has until March 1 next year to pass the latest proposal. "In Greenville, of the 2,271 property parcels in the GCSD, 185 are eligible for veteran’s exemptions. Accounting only for the increase from the alternative veterans tax exemption, and not the school tax levy increase, a property assessed at $100,000 will see an increase of $36.67; $125,000 assessment would see an increase of $45.84 and an assessment of $150,000 would see an increase of $55.01," Matott writes. In Rensselaerville 37 of 1,114 property parcels in the district are eligible for the veteran’s exemptions and a property assessed at $100,000 there would pay an increase of $103.91. In Westerlo, 38 of 1,069 parcels in the school district are eligible for veteran’s exemptions, and, for a property assessed at $100,000, school taxpayers will pay an increase of $62.64. Overall, veterans would save $413,056, which would be shifted to the rest of the non-veteran tax base. Read the full story in the Greenville Pioneer.
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