FORT EDWARD — The accompaniment Legislature won’t accept Washington County’s mortgage tax increase, so admiral accept begin a altered way to get that revenue.
It turns out the canton has not added its allotment of the tax for decades, alike admitting the salaries for the bodies who almanac anniversary mortgage accept gone up.
If the canton were to booty the best agreement accustomed beneath the law, it could accumulate $97,000 a year. Currently it keeps aloof $1,500. The blow of the mortgage tax goes to the state.
The best part: No accompaniment legislators charge to vote on it.
“These are all in the guidelines,” said Canton Clerk Stephanie Lemery at Tuesday’s Government Operations Board meeting. “It does not accept to go through legislation.”
Supervisors jumped on the idea, adage they appetite to vote on it at their aing affair on Aug. 17. The agreement is not retroactive, so they won’t get added money until they canyon a resolution ambience the new agreement rate.
“I don’t appetite to wait,” said Granville Supervisor Matt Hicks.
Hartford Supervisor Dana Haff agreed.
“It’s a lot of money,” he said.
Supervisors additionally agreed to move advanced with addition abstraction Lemery proposed.
She wants to ask the accompaniment Legislature to access the county’s alteration tax by $1 per $1,000 assessed.
Property owners pay the tax back they advertise property. The bulk is based on the property’s assessment, and the absolute tax goes to the state.
Currently the tax is $4 per $1,000 assessed. That agency the buyer of a abode adjourned at $100,000 would pay $400 aloft affairs the property.
But if the tax were $5 per $1,000, the canton would get to accumulate the aftermost $1 per $1,000. In added words, the buyer of a abode adjourned at $100,000 would pay $500, and the canton would accumulate $100.
Based on aftermost year’s acreage sales, the canton would accept gotten $199,000. Instead, the canton got one dollar for anniversary anatomy it processed.
Haff was not agog about the proposal.
“So, you appetite to accession taxes,” he said.
And that’s acceptable to be the argument in the Senate, area Republicans accept adamantly voted bottomward any tax increases, including the county’s appeal for a mortgage tax access to according the tax bulk in added counties.
Even admitting the mortgage tax is appropriate for SUNY Adirondack, the Senate has not budged.
Supervisors voted three years ago to borrow $2.74 actor to advice the academy aggrandize its science building.
At the time, they hoped they would get a mortgage tax increase, which would awning the annual accommodation payments.
That hasn’t happened, so they accept been advantageous alone the absorption on the accommodation anniversary year as they try to acquisition added revenue. They charge about $180,000 to alpha advantageous bottomward the arch of the loan.
Perhaps the alteration tax access will get accustomed alike admitting the mortgage tax access has not, admiral said.
County Administrator Chris DeBolt accurate the idea, adage accomplished failures shouldn’t stop them.
“I wouldn’t not do this aloof because we weren’t acknowledged with the mortgage tax. What’s activity to happen, we’re not acknowledged again? OK. There’s no downside,” he said.
County Attorney Roger Wickes was not as optimistic.
“We are activity to be in the aforementioned baiter we are in with the mortgage tax request,” he said, afore acknowledging, “But you don’t get it if you don’t ask.”
The admiral accustomed the appeal in committee, with Haff voting no.
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