School Tax Calculator

The Roslyn School District | Homeowner's Tax Calculator
On this Page:
The Tax Levy
Homeowners' Estimated Taxes
Tax Calculator

Projections are based on the most current information available. A more accurate property tax calculation is made annually in the fall, after the tax levy is set by the Board of Education and tax rates are finalized by Nassau County.
TAX LEVY
2018-19 2019-20 $ change % change
Budget $109,959,967 $113,190,196 $3,230,229 2.94%
Total Revenues $14,332,741 $15,157,768 $797,642
Fund Balance $110,000 $500,000 $390,000
Applied Reserves $2,317,600 $2,492,600 $175,000
Tax Levy $93,199,626 $95,039,828 $1,840,202 1.97%

The tax levy is the total amount raised in property taxes annually. It is equal to the school budget minus all other forms of revenue, as shown above. Tax and revenue projections are based on the most current available information from Nassau County and New York State.


ESTIMATED ANNUAL SCHOOL TAXES

NORTH HEMPSTEAD
2018-19 2019-20 $ change % change
North Hempstead Average $14,338 $14,401 $63 0.44%
North Hempstead Median $13,498 $13,460 ($38) (0.28%)

OYSTER BAY (40 homes)
2018-19 2019-20 $ change % change
Oyster Bay Average $6,889 $6,970 $81 1.18%
Oyster Bay Median $7,719 $7,892 $133 2.24%

The Board of Education is responsible for only one among several factors that affect property taxes: the tax levy. Other variables, such as changes in assessment (the taxable value of each property) and base proportions (how much of the overall assessment is paid by homeowners) are determined by the Nassau County Assessor and can result in widely varying tax bills.

Actual taxes paid on a particular property are determined by multiplying the assessed value by the tax rate, both of which are determined by the County Assessor. If a home's value increases or decreases at the same rate as the community's overall assessed value (which is down 0.39 percent since last year), and the proportion of taxes to be paid by homeowners remains the same as last year, then the home's tax bill would increase or decrease at the same rate as the tax levy.

Property taxes will change as follows, provided that the home's assessed value increases or decreases at the same rate as the average home in the district:

• increase of $25 for a house with a 2019-20 market value of $500,000
• increase of $49 for a house with a 2019-20 market value of $1,000,000
• increase of $75 for a house with a 2019-20 market value of $1,500,000

These projections are based on the most current available information from Nassau County and New York State. Questions about changes in tax bills that differ significantly from the change in the tax levy (increase of 1.97%) should be directed to the Department of Assessment.

(To read more about how school taxes are determined, click here.)


CALCULATE YOUR TAXES

To calculate how your school taxes may have changed from last year to this year, you will need to know your home's assessed value for both 2018-19 and 2019-20. If you don't know your assessed value, visit Nassau County's Land Records Viewer.

Step One: Calculate Taxes for 2018- 19:

assessed value: school taxes:

Step Two: Calculate Taxes for 2019- 20:

assessed value: school taxes:

Step Three: Subtract 2018-19 taxes from projected
2019-20 taxes to determine the increase or decrease:

taxes 19-20: — taxes 18-19: increase (decrease):

Note: STAR exemptions are not included in this calculation.

For assistance with this calculator or additional budget and tax information, please contact Assistant Superintendent for Business Joseph C. Dragone at 801-5030.


Read more about how property taxes are determined: click here