City property owners pay the highest tax rate found in any city in the state, according to a report by the Empire Center for Public Policy.
Residents of the city and Gloversville Enlarged School District pay a combined city, school and Fulton County tax rate of $52.40 per $1,000 of assessed value, the study showed.
The city is 43 cents ahead of the second- highest-taxed city, which is Binghamton, the study says.
The median home value in Gloversville is $70,600, and the tax on that home would be $3,699, the study shows.
“With school budget votes just two weeks away, it’s important for voters to understand what their tax rates are and how that rate relates to what others in their region and in the state are paying,” Empire Center Director Tim Hoefer said in the study.
Gloversville made the top 10 list twice. City property owners who pay Johnstown school district taxes landed in the ninth spot.
Fulton County documents show residents of Gloversville pay $21.71 per $1,000 of assessed value in city taxes and $9.71 per $1,000 in county taxes. County documents also show residents of the city in the Gloversville Enlarged School District pay $21.46 per $1,000. Gloversville residents who pay Johnstown school taxes pay $15.52 per $1,000.
Gloversville is at 92.72 percent of its constitutional taxing limit, according to a September report by the state comptroller’s office…..
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