Huntington School Board members set the tax rate for 2021-22

Trustees Set Tax Rate for 2021/22

Huntington School Board members set the tax rate for 2021-22 

November 16, 2021

Huntington School Board members have set the tax levy for 2021/22 during their public meeting on October 18 at the Adam Spector Auditorium at Jack Abrams STEM Magnet School.

The town assessor’s office notified the district that its final assessed valuation for the 2021/22 tax year totals $44,823,239 or $33,236 below last spring’s estimate.

Trustees approved a resolution that sets the tax levy at $112,718,438 or $251.47 per $100 of assessed valuation. The tax rate will increase by 0.40 percent.

The Huntington School District’s assessed valuation peaked at $49,797,684 or more than $4.9 million higher than it is today, a quarter of a century later.

The Huntington School District’s 2021/22 budget amounts to $139,315,854 or 2.48 percent above last year. The district expects to receive $22,166,741 in state aid and $1,410,275 in miscellaneous revenues. The state aid increase amounts to $6,139,640.

Trustees voted to appropriate $1.6 million from the district’s fund balance to hold down taxes. Dedicated reserve fund allocations are budgeted at $1,420,400. The balance of revenues will be collected in property taxes.