Real Estate
Taxes: The 1998/1999 real estate taxes were
billed using the 1997/1998 tax rate.
| Tax Class |
OLD |
NEW |
Tax Class 1
(One, Two & Three Family Residential
Properties) |
10.849 |
10.961 |
Tax Class 2
(All Other Residential Property) |
11.046 |
11.739 |
Tax Class 3
8.282
(Real Estate Utility Properties) |
8.282 |
8.800 |
Tax Class 4
(All Other Real Property) |
10.164 |
10.236 |
To account for the difference between the
above tax rates, DOF has adjusted the 3rd and
4th quarter tax (or 2nd half tax) as follows:
- 3rd Quarter Tax - accounts for the
3rd quarter difference in tax, as well as an
equal difference for the 1st quarter tax,
- 4th Quarter Tax - accounts for the
4th quarter difference in tax, as well as an
equal difference in the 2nd quarter tax,
- 2nd Half Tax - accounts for
the 2nd half difference in tax, as well as
an equal difference for the 1st half tax.
Generally, 1, 2 and 3 family "residential"
taxes have been increased and all "commercial"
taxes have been increased.
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