Amherst residents will pay sharply higher property taxes in 2021, but not quite as much as originally proposed by Supervisor Brian J. Kulpa, with the average homeowner saving about $12 under the amended budget.
The increase in the tax levy – the amount the town collects in property taxes – from 2020 to 2021 was trimmed slightly from the proposed 8.54% to the final 7.87%.
The tax rate now will rise by 6.94%, to $8.28 per $1,000 of assessed value, instead of 7.62% under the nearly $141 million budget adopted Monday by the Town Board, with Councilwoman Deborah Bruch Bucki casting the only no vote.
This means the owner of an average home in the town with an assessed value of $230,000 will pay $1,904 in town property taxes next year, an increase of $124 from 2020. That increase initially came out to $136.
Kulpa said the town was able to lower the amount it needs to collect in property taxes because it anticipates taking in more in sales tax revenue.
Sales tax was one of a number of revenue streams that shriveled up this year during the Covid-19 outbreak, Kulpa said, costing the town millions of dollars.
The town initially projected that sales tax revenue in 2020 would would end up falling by about $2.6 million from the budgeted amount.