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ANOTHER LONG LONG TIME BUSINESS LEAVING THE CITY
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DemocraticVoiceOfReason
November 16, 2015, 3:59pm Report to Moderator

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Quoted from bumblethru


Have ya checked Altamont's taxes?
Guilderland/Albany....huge....just in school taxes alone!

all in all....it was a smart move for them.
^5


Settles Hill Road is in the Altamont zip code area but not in the village of Altamont.  So they would be paying property taxes to the Town of Guilderland, Guilderland CSD and County of Albany.  Not saying that those aren't high .. just saying they wouldn't be paying village taxes.


George Amedore & Christian Klueg for NYS Senate 2016
Pete Vroman for State Assembly 2016[/size][/color]

"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground."
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mikechristine1
November 16, 2015, 7:53pm Report to Moderator
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Quoted from bumblethru


Have ya checked Altamont's taxes?
Guilderland/Albany....huge....just in school taxes alone!

all in all....it was a smart move for them.
^5



Hardly.   I think you need to check your math.

Schenectady school tax rate for 2015-2016 is $22.72
Guilderland school tax rate for 2015-2016 is $22.30



A house with a $150,000 market value in Schenectady will pay $3,444 in school taxes.
A house with a $150,000 market value in Guilderland will pay just $2,401 in school taxes (even with a smaller STAR dollar amount)


The math is that in Schenectady, the house with a market value will show on the assessment roll with an assessment value of $181,500.  So do the math, bumble.   That assessment value multiplied by the tax rate of $22.72 is $4,123, then subtract that maximum basic STAR savings for Schenectady of $679 and the school tax bill is $3,444

The math is that in Guilderland, the house with a market value will show on the assessment roll with an assessment value of $132,000.  So the math, bumble.  That assessment value multiplied by the tax rate of $22.30 is 42,943, then subtract the maximum basic STAR savings for Guilderland of $542 and the school tax bill is $2,401.

And remember that the house in Schenectady, since McCarthy absolutely refuses to do a reassessment, while it appears on the assessment roll as assessed for $181,500, which shows on the assessment roll with a market value of $150,000, probably really has a market value of $125,000 or less.  Speaking of a lesser market value, bumble, do you remember the house at 1077 Glenwood Bldg.  McCarhy has it assessed for $182,000.  The owners initially listed it asking just $149,000.  It went through several price reductions and no one wanted buy (which proves the market value was not as high as the owners were asking).  It took a whopping 1 year and 9 months to sell.  And it sold for only $101,760.  The school tax bill with basic STAR is $3,455 for 2015 to 2016

Really, how good is Schenectady when you pay $3,400 in school taxes alone, with an exemption on a house worth under $102,000.  



So my guess is that the Sindoni business fled the city because for the market value, the taxes in Schenectady far exceed Guilderland.  Property values in Guilderland are increasing while property value in Schenectady are falling.


Optimists close their eyes and pretend problems are non existent.  
Better to have open eyes, see the truths, acknowledge the negatives, and
speak up for the people rather than the politicos and their rich cronies.
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bumblethru
November 17, 2015, 8:03am Report to Moderator
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Quoted from mikechristine1


So my guess is that the Sindoni business fled the city because for the market value, the taxes in Schenectady far exceed Guilderland.  Property values in Guilderland are increasing while property value in Schenectady are falling.


yes that is just a GUESS!!!

and don't know about your math....but we looked, and still look to buy a home in Altamont....and taxes are higher....mainly school taxes.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


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mikechristine1
November 17, 2015, 10:34am Report to Moderator
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Quoted from bumblethru



and don't know about your math....but we looked, and still look to buy a home in Altamont....and taxes are higher....mainly school taxes.




Don't know about my math?   Then provide your math.    


Optimists close their eyes and pretend problems are non existent.  
Better to have open eyes, see the truths, acknowledge the negatives, and
speak up for the people rather than the politicos and their rich cronies.
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bumblethru
November 17, 2015, 12:38pm Report to Moderator
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Quoted from mikechristine1




Don't know about my math?   Then provide your math.    


I didn't say I had 'math'....only personal experience to compare to.

and Altamont was higher....by our personal experience and comparability.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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benny salami
November 17, 2015, 2:57pm Report to Moderator
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A wise business decision and a great locally produced product. They outgrew their Mt P roots. No smart business person would expand and want to pay additional outrageous County/City taxes.
Of course any other County planner would try and keep this in the County but at least we gots the battery plant and Quirky.  
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bumblethru
November 17, 2015, 3:16pm Report to Moderator
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Quoted from benny salami
A wise business decision and a great locally produced product. They outgrew their Mt P roots. No smart business person would expand and want to pay additional outrageous County/City taxes.
Of course any other County planner would try and keep this in the County but at least we gots the battery plant and Quirky.  


THIS IS THE POST I WAS WAITING BREATHLESSLY FOR!!!!

SOOOOOOOOOOOOOOOOO.....you would approve of METROPLEX/GILLEN giving money to THIS business to stay in Schenectady.....yet bit@h about the money they give to other businesses!!!!!!!

WHAT A FRIGGIN JOKE!!!

Just like I have always said....if the reps were in control of the money pit.....the only thing that would be different would be the names and faces of the friends and family club!!!

You are all a SHAMEFUL JOKE!!!!!!


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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DemocraticVoiceOfReason
November 18, 2015, 4:52pm Report to Moderator

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The arguing is just plain foolishness.

Sindoni's produces a great product.  I wish them well in their new location and plan on visiting them soon to buy some of their products.


George Amedore & Christian Klueg for NYS Senate 2016
Pete Vroman for State Assembly 2016[/size][/color]

"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground."
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TakingItBack
November 20, 2015, 10:36am Report to Moderator
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How were they only assessed $131,600 at this business?


Life is tough, but it's tougher when you're stupid - John Wayne


TIP TO NEW VISITORS TO THIS FORUM - To improve your blogging pleasure it is recommended to ignore (Through editing your prefere) the posts of the following bloggers - DemocraticVoiceofReason, Scotsgod08 and Smoking Bananas.  They continually go off topic, do not provide facts and make irrational remarks. If you do not believe me, this can be proven by their reputation scores or by a sampling of their posts.  
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mikechristine1
November 20, 2015, 11:28am Report to Moderator
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Quoted from TakingItBack
How were they only assessed $131,600 at this business?



Not 100% sure, but probably because this was not a huge building, not a huge property, not some huge factory.

The lot size for the whole property is 35 x 130, very small

Seems the "business portion" was just a wee 548 sq ft and the rest of the building is 3 small rental units.


Optimists close their eyes and pretend problems are non existent.  
Better to have open eyes, see the truths, acknowledge the negatives, and
speak up for the people rather than the politicos and their rich cronies.
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