What if Saugerties Property Taxes Increased as the Same Rate as Inflation?

	What if Saugerties Property Taxes Increased as the Same Rate as Inflation?
	*CPI = Inflation
	2017 Actual	5 Years	5 yrs	10 Years	10 yrs
	Property Tax Levy	2017 Levy  - CPI Adjusted from 2012	% + or -	2017 Levy - CPI Adjusted from 2007	% + or -
Town	$6,961,710	$5,842,701	19.2	$4,826,404	44.2
School	$37,190,000	$36,864,039	0.9	$29,913,368	24.3
Highway	$2,885,504	$2,841,877	1.5	$2,952,976	-2.3
County	$76,893,016	$82,437,020	-6.7	$81,181,243	-5.3

This spreadsheet shows what 2017 property taxes WOULD HAVE BEEN if local governments held tax increases to the rate of inflation over five and ten year periods.

For example, if  the Town held General Fund property tax increases to the rate of inflation over the last ten years, the tax levy would be 44.2% lower than the actual 2017 tax levy.  If the town held taxes to the rate of inflation over the past five years, the tax levy would be 19.2% lower.

Property Tax Summary for Village of Saugerties Property Owners - 2007 to 2017

Tax Bill $200,000 assessment	2007 Bill	2017 Bill	$ Increase	% Increase	Ave. Increase	CPI**
Town A	$500*	$802	$302	60.3%	6.0%	1.67%
Village	$1,478	$1,272	-$206	-13.9%	-1.4%	1.67%
Ambulance	$51	$82	$31	60.9%	6.1%	1.67%
Library	$38	$113	$75	197.9%	19.8%	1.67%
County	$752	$871	$120	15.9%	1.6%	1.67%
School	$2,267	$3,429	$1,162	51.3%	5.1%	1.67%
TOTAL	$5,085	$6,569	$1,483	29.2%	2.9%	1.67%

*Estimate

**CPI is the average rate of inflation from 2007-2016.

The average Village homeowner is paying $1,483 more in taxes compared to ten years ago.

NOTE - Highway & Fire Prevention services are included in the Village budget.  The Police Merger occurred in 2011 & Village residents are billed from the town wide General Fund. 

How Much Have Saugerties Property Taxes Gone Up in the Last Decade?

Town & County property tax bills will be hitting Saugerties mailboxes soon & below is a table and charts showing town wide property taxes in 2017 as compared to 2007.

The table shows how much property taxes a typical Saugerties homeowner  outside the Village ($200,000 assessment) paid in 2007 and 2017.  Village taxes and special districts are excluded - except for the Library & Diaz Ambulance which are assessed town wide.  The average annual rate of inflation from 2007 to 2016 is 1.67%.  

The average Saugerties property owner (outside of Village) is paying $1,763 more in town wide taxes since 2007.

Non-Village Resident

Tax Bill	2007 Tax Bill	2017 Tax Bill	$ Increase	% Increase	Ave. Increase	CPI**
Town A&B	$531.26	$838.27	$307.00	57.8%	5.8%	1.67%
Highway	$344.29	$412.66	$68.37	19.9%	2.0%	1.67%
Ambulance	$50.78	$81.68	$30.90	60.8%	6.1%	1.67%
Library	$38.04	$113.31	$75.28	197.9%	19.8%	1.67%
County	$751.83	$871.33	$119.50	15.9%	1.6%	1.67%
School	$2,266.68	$3,428.53	$1,161.85	51.3%	5.1%	1.67%
TOTAL	$3,983	$5,745.78	$1,762.89	44.3%	4.4%	1.67%

* Note - The 2017 Library totals include a charge of $53.31 for the New Library Bond.
**CPI is the average rate of inflation from 2007-2016.


The charts show the percentage breakdown of the total town wide property taxes paid by category.