White Plains CitizeNetReporter - TAX BILLS ARRIVE ONE DAY EARLY

WPCNR QUILL & EYESHADE. JUNE 30, 2012: Tax Bills for the city and the school district arrived a day early today to add to the aggravation caused by the tropical heat wave frying the metropolitan area. The tax bills show that the median priced home ($650,000) in the White Plains area busted the $10,000 mark for city and school taxes combined for the first time. In one case, even newly reduced assessed value did not stop the tax tide. This homeowner succeeded in lowering her assessed value $2,000, but...the increase in taxes from the city (4.75%) and the school district (3%) still made that homeowner's taxes $200 More than last year. For this median house was newly assessed at $16,475 with a $3,460 STAR EXEMPTION knock off from the asssessed value, the total city and school tax is still $10,800. "That's still more than last year," she notes. "Thank God we went for a tax certiorari." Every day for the next 365 Days the City and the school district will spend $973,424. Every week the city and the school district will spend $6.8 Million a week. Every month the city and the school district will spend $29.6 Million. The City budget is $166.5 Million. The School Budget is $188.8 Million. Total City and School Budget Cost combined for fiscal 2012-13: $355.3 MILLION


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