How much does school tax in New York cost? (not NYC, but if you know NYC's school tax, then I'd like to know)
Primary & Secondary Education - 1 Answers
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NYC has no school tax. School taxes in NY State are traditionally tied to real estate taxes and are assessed locally. However, NYC has very low real estate taxes and has a local income tax instead. It then takes the income tax (and the real estate taxes) and make it all a part of the City budget. It then funds the school system directly out of the City budget. This is different from most local school districts in NY State, in which funding from real estate taxes is earmarked for the schools. I think the NYC system is much fairer, because it does not penalize people when the value of their home goes up. It also does not penalize elderly people on a fixed income for the increase in their home value, nor does it pit the eldery (who do not have kids in school anymore) against families with children. This kind of thing DOES happen in the rest of NY State, BTW.
