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Letters went out
this week regarding the tax payment change approved by the
BOE in February which is outlined below. If you have any
questions after reviewing this information, please call the
business office at 629-3203.
Original story posted February 11, 2009
The Watervliet City Schools Board of Education voted
last night to change how and when school taxes are
paid by city homeowners. Currently, taxpayer’s
annual bill is split in half and paid twice a year,
once in January and again in July. The board vote
means that next year’s full tax bill will be due in
September of 2009.
There are a number of reasons the school decided to
switch. The change will save the school
approximately $50,000 a year in interest fees that
it pays to borrow money to cover shortfalls between
the two payment cycles.
“These savings are especially important in a year
where the Governor is telling schools that there
will definitely be state aid cuts,” said Watervliet
City Schools’ Business Manager John Heid. “This is
an area where the district can realize significant
savings without having to look at cutting either
educational programs or personnel.”
Last year, the City of Watervliet changed its
payment schedule so the city’s full tax bill is due
in January. This means homeowners currently have to
pay ¾ of their total tax bill in January and ¼ in
July.
The Board of Education heard public feedback and
discussed the change to the tax payment schedule in
public session at the December, January and February
meetings.
A letter has been mailed to all residents detailing
the change. The Watervliet CSD business office will
officially contact all mortgage companies to alert
them of the change. Residents/Escrow companies will
not be sent any tax bills in July of 2009. Full
school tax bills will be sent out at the end of
August with a due date of September 30, 2009.
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Click here to view some
frequently asked questions about the possible tax change |
