Town of Tonawanda homeowners in the Sweet Home Central School District will see a drop in their tax rate this year, while other Sweet Home taxpayers will see tax rates lower than originally projected.
The Sweet Home School Board set tax rates this week for the 1999-2000 school year:
The homestead tax rate for Amherst went up 6 cents, to $16.75 per $1,000 assessed valuation from $16.69 per $1,000 last school year.
The homestead tax rate for Town of Tonawanda residents dropped 9 cents, to $18.07 per $1,000 assessed valuation from $18.16 per $1,000.
Tax rates for Amherst businesses in the Sweet Home Central School District rose 29 cents, to $25.82 per $1,000 from $25.53 per $1,000.
And Sweet Home's non-homestead tax rate for Tonawanda increased 16 cents, to $27.83 per $1,000 from $27.67 per $1,000 last year.
School tax bills are sent out this month.
The increases are substantially lower than the over 30-cent rise that had been projected. The tax burden is split between the two towns unevenly to match the equalization rates.
The unexpected tax savings was a result of the Town of Amherst assessment on business properties. While the residential property assessment dropped $4 million, the business assessment went up by $13 million. The $9 million gain was enough to keep school taxes almost completely level.