Madison County residents to see property tax increase in new year

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WAMPSVILLE — Madison County residents can expect a 4.75% tax increase come 2020.

The 2020 budget totals $124 million and calls for an increase to the tax levy of $1,797,842.

The composite tax rate on properties will increase by 3.5 % per $1,000 of taxable value or 4.5 cents.

On average, for a property valued at $100,000, the increase in county taxes would amount to $4.50 in 2020.“I think the budget came out as best as it could with all the state mandates and everything else the state is pushing down on the localities,” Madison County Board of Supervisors Chairman John Becker said. “It’s going to be interesting to see how the governor takes up the slack on the $4 billion deficit he has and whether he’s going to push it down on the localities or deal with it at the state.”

Becker said that while taxes are going up, it ensures that Madison County employees have the resources they need to do their job and services are maintained in the county.

The tax levy limit imposed by New York State allows for an increase to the tax levy by $1,802,842. The proposed levy falls below the limit.

In her message to the Madison County Board of Supervisors, Madison County Treasurer Cindy Edick said the tax levy is higher than usual due to carryover from 2019.

“You may recall that the 2019 adopted budget contained a tax levy increase of only $137,740, or .365%,” Edick wrote in her budget message. “This was $762,204 less than the permitted by the County’s tax cap calculation for 2019. Although the state’s formula does not allow the County to carryover the full amount used in 2019, it does provide for the carryover of $537,198.”

Counties across the state were required to adopt budgets that complied with the state mandated tax levy in order to be eligible for state aid reimbursement for Raise the Age expenditures.

Raise the age refers to a law that was enacted in the 2017-18 New York State Budget to raise the age of criminal responsibility from 16 to 18. This legislation has now gone into effect for both 16 and 17-year-old offenders. If Madison County were to exceed the tax cap for 2020, it would be ineligible to receive around $800,000 in state aid.

Among other things that local municipalities have been dealing with are changes to Aid and Incentives for Municipalities, or AIM, funding was also cut this year by $59.2 million and changes made to Consolidated Local Street and Highway Improvement Program.

In her budget message, Edick said the 2020 spending plan provides for mandated services and adequately funds public safety services, highway services, social services, health services, planning services, veterans services and youth services. The budget also maintains funding for not-for-profit agencies at 2019 levels.

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