Broadalbin village taxes may decrease
BROADALBIN-The proposed 2013-14 budget for the village carries lower tax rates, though the tax levy would remain unchanged under the plan.
Sheila P. Bleyl, the village’s clerk and treasurer, said the $1.08 million proposed budget and its $210,000 total tax levy are the same as what was in the current budget.
However, the village’s two tax rates – one for residents in the town of Broadalbin and another for residents in the town of Mayfield – would decrease if the proposed budget is approved.
According to information provided by Bleyl, village residents in the town of Broadalbin would see their tax rate go from the current $3.91 per $1,000 of assessed property value to $3.89 per $1,000 – a 0.3 percent decrease.
Village residents in the town of Mayfield would see a larger drop in their tax rate. The rate would go from $4.95 per $1,000 to $4.71 per $1,000, which is about a 4.3 percent decrease.
Bleyl said the village’s larger tax base is the reason the lower tax rates are proposed.
“Because our tax base is a little higher that brought the tax rate down slightly,” Bleyl said.
The Village Board will hold a public hearing on the budget Tuesday at 7 p.m. The board may approve the budget after the hearing.
Arthur Cleveland is the rural news reporter. He can be reached at firstname.lastname@example.org.