September 2, 2011 - At its meeting on August 29, the North Colonie Board of Education adopted the school tax rate for 2011.

Using the final assessment figures provided by the Town of Colonie and the final equalization rates set by the State this summer, this year's tax rate is $22.46 per $1,000 of assessed value. This represents an increase of 2.97 percent.

This tax rate equates to a true-value tax rate of $15.05, the second lowest among the Suburban Council districts. Because assessment practices vary from town to town, the best way to compare communities’ school tax rates is to look at their “true-value” tax rate—i.e., what the tax rate would be if assessments of all properties were maintained at 100 percent of market value.

"The district strives to be fiscally prudent," Assistant Superintendent for Business, Thomas Rybaltowski said. "Although this past school year was a difficult once from a financial standpoint, our true-value tax rate is among the very lowest in the Capital Region. That is something we take a lot of pride in"

For more information about the 2011 school tax rate, please contact the North Colonie School District Business Office at 785-8591.