Taxes in the Town of Hamburg would go up less than 2% next year under Supervisor James M. Shaw's proposed budget, despite losing a big chunk of assessed value when McKinley Mall's assessment was lowered.
Under a settlement reached earlier this year, the mall's $23 million assessment was lowered to $14.8 million for next year, but the overall assessment in the town rose slightly.
"The rate of growth has been hamstrung by the significant decline in the valuation of McKinley Mall and other properties," Shaw said. "Thankfully, Hamburg is a growing community, because we're building more homes all the time."
Spending would increase 1.2% in the proposed $48.6 million budget, while the total tax levy would go up 1.98%, which remains under the tax cap, Shaw said.
The tax rate for residents living outside the villages would be $11.01 per $1,000 of assessed valuation, up 1.55%. Those living in the villages of Hamburg and Blasdell would see a 1% increase in the tax rate, to $5.14 per $1,000.