School Tax 2013

Last tax season I noticed an increase in Property & School Taxes (what else is new) so i called the Tax assessor and she explained that since the Nanuet Mall is now closed for renovations the store owners are not paying their share of Taxes.
OK, understood. Today I get my bill for this year and its up again. So, I call asking since the new Mall will open this October 2013 why is the Tax Bill still rising. Honestly, I did not get a straight answer. Does any one out there know the real reason? I don't get it?

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James Flynn September 01, 2013 at 09:29 AM
This year the Mall was valued as of its condition on March 1st and in fact paid an increase over last year. As the School District has not taken the full hit from Pfizer yet it will only help reduce the increase in the next year or two. Tax revenue from Pfizer will be reduced by 2.6 million over the next 12-24 months as the last agreement expires and the School can no longer bond the settlement. This 2.6 million appears to be at the upper range of any possible increase for the Mall so at best we will break even. The big fear is that the pending sale bf Pfizer of the 235 acres with most of the buildings will be bring in will come in much lower than the current Assessment and result in a 2-4 million additional reduction in Taxes for the District. Let us all hope the sale Price comes in high.
Watchdog September 01, 2013 at 09:41 PM
Education has become unaffordable. How long can we just keep raising taxes? Have to start looking at the expense side of the ledger.


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