Taxation
How would merger affect my property taxes?
(Please note, the information in this answer is based on fiscal year 2020 budget numbers and tax rates.)
Residents of the Town outside the Village currently pay municipal taxes only to the Town. Residents of the Village currently pay municipal taxes to both the Village and Town.
(Please note, the information in this answer is based on fiscal year 2020 budget numbers and tax rates.)
Residents of the Town outside the Village currently pay municipal taxes only to the Town. Residents of the Village currently pay municipal taxes to both the Village and Town.
- A $280,000 home in the Town outside the Village pays a total of $1,510.88 in municipal taxes.
- A $280,000 home in the Village pays a total of $2,405.76 in municipal taxes
- Actual numbers depend on assessed value.
- Education tax rates would not be impacted by merger.
- Only users of municipal water and sewer pay for these services. Residents in parts of Essex that do not have municipal water or sewer service do not pay for those services or infrastructure.
- A temporary “Village Debt Assessment District” would be established and sunset once all Village debt is paid in full by Village residents.