Amherst's budget for 2018 carries a 1 percent tax increase, but Supervisor Barry A. Weinstein says most property owners have actually seen a tax bill decrease over his eight years in office.
In the budget approved Monday by the Town Board, the tax levy – the amount raised by taxes – increased for the second year in a row after six years of decreases.
The levy increased by $1 million, or 1.36 percent, to nearly $74.4 million in the budget of $127.25 million. The levy was $73.43 million when Weinstein took over as supervisor in 2010 – a 1.3 percent increase over that period.
But a broadened tax base from increased assessed value from new construction "should result in a small but real town tax reduction over the last eight years," Weinstein said.