Taxes, Assessment & School Aid
Public schools in New York State receive their financial support from two principal sources: a tax on the local level and State aid.
State aid is broader and provides assistance to local districts for a variety of programs, such as standard operating aid, transportation, gifted and talented, BOCES aid, and software/library aid. State aid is based on a complicated formula and changes annually based on average daily student attendance, as well as other factors such as the value of the District's taxable property and average income.
The school code for Hyde Park School District residents to enter on their state income tax returns is 293. Residency is determined as of December 31. State distribution of financial aid to school districts is based on school code data reported by taxpayers.
The school tax rate is established by subtracting the estimated receipts from State aid and all other sources from the amount which the Board estimates will be needed for the operation of the schools. A ratio is then computed at which the real estate of the District would have to be taxed to raise the balance.
| Income Range | Exemption |
|---|---|
| $24,000 or less | 50% |
| $24,000 - $24,999 | 45% |
| $25,000 - $25,999 | 40% |
| $26,000 - $26,999 | 35% |
| $27,000 - $27,899 | 30% |
| $27,900 - $28,799 | 25% |
| $28,800 - $29,699 | 20% |
| $29,700 - $30,599 | 15% |
| $30,600 - $31,499 | 10% |
| $31,500 - $32,399 | 5% |
11 Boice Road
P. O. Box 2033
Hyde Park, NY 12538
(845) 229-4000
For Emergency Information (845) 229-4001
District Fax: 229-4056
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