ICSD School Tax Rate Calculator
Project the 2026–27 school tax rate and estimate your homeowner tax bill. Adjust the levy increase or equalization rate to explore different scenarios.
Tax Rate Calculator by Municipality
Rate Calculation Inputs
Board Approved / Proposed Tax increase: 3.4%
%
Equalization rate for City of Ithaca. Default: 95.0%.
%
2025–26 Tax Levy (prior year)$115,031,984
2026–27 Projected Levy$118,943,071
2025–26 Total Assessed Value$7,595,842,997
2026–27 Est. Assessed Value$7,671,801,428
Overall District Taxable Est. Full Assessed Value$7,676,610,400
10-Year History: Tax Cap vs. Actual Increase & Rate/$1,000
| Fiscal Year | Allowable Tax Cap and Levy | Actual Tax Levy Increase | Rate/1000 (100% Eq.) | ||
|---|---|---|---|---|---|
| 26/27 | 4.18% | 119,840,320 | TBD | TBD | TBD |
| 25/26 | 3.76% | 115,031,985 | 3.76% | 115,031,985 | 15.1292990 |
| 24/25 | 3.10% | 111,052,486 | 2.92% | 110,862,167 | 14.7963260 |
| 23/24 | 3.97% | 107,714,290 | 3.97% | 107,714,290 | 16.2205620 |
| 22/23 | 2.72% | 98,120,959 | 7.21% | 103,000,000 | 16.8378440 |
| 21/22 | 2.96% | 95,525,492 | 2.96% | 95,525,492 | 16.8378440 |
| 20/21 | 2.81% | 92,777,822 | 2.81% | 92,777,822 | 16.5879910 |
| 19/20 | 3.02% | 90,238,884 | 3.02% | 90,238,884 | 16.8404000 |
| 18/19 | 2.19% | 87,594,206 | 2.19% | 87,594,206 | 16.9995000 |
| 17/18 | 2.16% | 85,717,703 | 2.16% | 85,717,703 | 17.4866000 |
| 16/17 | 2.10% | 83,901,290 | 2.10% | 83,901,290 | 17.6697000 |
Projected Tax Rate
2026–27 Estimated Rate
$15.4897
per $1,000 of assessed value
2025–26 Rate
$15.1293
Rate Change: +0.3604 (+2.38%)
The school district tax rate for a municipality is calculated in two steps. First, the district's total levy is apportioned based on each municipality's share of the district's total equalized value. This determines how much of the levy that municipality is responsible for. Second, that apportioned levy is divided by the municipality's assessed value to produce a tax rate, and the result is expressed per $1,000 of assessed value. In formula terms, the rate equals the total levy multiplied by the municipality's equalized value, divided by the district's total equalized value, then divided by the municipality's assessed value, and finally multiplied by 1,000.
Tax Rate=
Total Levy × Municipality Equalized ValueDistrict Total Equalized Value × Municipality Assessed Value
× 1,000Homeowner Tax Estimator
Homeowner Tax Estimator
%
Board Approved / Proposed Tax increase: 3.4%
$
Taxable Assessed Value$350,000.00
Equalization Rate95.0%
2025–26 Est. Tax (prior rate)$5,295.25
2026–27 Estimated School Tax
$5,421.40
+$126.14 vs. prior year
* Estimate only. Actual tax may vary based on STAR exemptions, assessment changes, and final levy.