By Holly Crocco
Carmel Town Supervisor Michael Cazzari has proposed a 2024 budget that represents a 6.3 percent decrease in the tax rate.
“I am committed to maintaining this year’s budget at a minimal cost to the taxpayers,” he said at the Oct. 4 Carmel Town Board meeting.
The budget continues to fund the downtown Mahopac business district revitalization project, including the swan cove development, and also provides for completion of a new comprehensive master plan and zoning code for the town.
Town Comptroller Mary Ann Maxwell explained that the proposed budget comes with a tax levy increase of $1.034 million, which falls about $50,500 below the state-mandated property tax levy increase of $1.085 million for Carmel.
The town’s 100 percent equalized assessed value for 2024 is $6.1 billion, an increase of about $544 million from the current year, which results in a 4.14 percent decrease in the tax rate, to 6.3 percent, since the levy is decreasing.
Under the proposed budget, a homeowner with a property assessed at $471,500 would pay about $1,952 per year in town taxes, which is a $132 decrease, if the home’s assessed value remained the same.
The budget uses $510,000 from reserves.
The town board may propose changes to the budget, which will be adopted Oct. 18. A public hearing is scheduled Nov. 1, with adoption required by Nov. 20.
To view budget documents and the comptroller’s presentation, visit www.ci.carmel.ny.us.