PORT HENRY - Town taxes in Moriah will remain stable in 2010.
The 2010 town budget calls for no tax increase for residents living outside the village of Port Henry, while Port Henry residents will see a 5 percent hike.
The spending plan for next year totals $3,918,016. That's a 1 percent increase from the 2009 budget of $3,870,335.
The amount to be raised by taxes for residents outside the village of Port Henry is $1,573,370 - exactly the same as 2009.
The amount to be raised by taxes for residents of the village of Port Henry in 2010 will be $1,345,370. That's 5 percent more than the 2009 total of $1,279,673.
Moriah Supervisor Tom Scozzafava explained the town tax increase in the village relates to county sales tax revenue.
In 2010 each municipality in the county will receive .25 percent of county sales tax.
Moriah trustees decided to use their share, $118,000, to offset town taxes.
Port Henry officials decided to use their share of the county sales tax revenue, $28,500, elsewhere.
Tax rates in both municipalities will go down in 2010.
The tax rate for residents living outside the village of Port Henry will be $7.96 per $1,000 of assessed value in 2010. That's down from the present tax rate of $8.98.
The town tax rate for residents of the village of Port Henry will be $6.51 per $1,000 of assessed value in 2010. That's down from the present tax rate of $6.89.
Scozzafava explained much of the tax rate decease can be attributed to property revaluation conducted in the town this year. Taxable value of land in Moriah will be $206,809,431 in 2010, an increase from the 2009 value of $185,836,094.
"Most people, if their assessments remain the same, will see a tax decrease," Scozzafava said. "We (town trustees) are doing our part holding the line on taxes."