Property owners would see a 4 percent jump — 3.4 cents — in the school tax rate based on a 2009-10 budget that the Board of Education introduced Monday night. The board voted to submit to the county a $73.6 million tax levy, of which $72.4 million will be decided by voters. The rest would go toward a debt service tax that does not appear on the ballot. The proposed budget totals $138.35 million. The tax rate is to rise to 91.92 cents per $100 of assessed property value, according to the proposal, meaning someone with a home valued at $400,000 will pay about $136 more in school tax next year. The 4 percent increase from last year is the maximum allowed by the state. APP.
Showing posts with label Lakewood school budget would raise tax rate 4%. Show all posts
Showing posts with label Lakewood school budget would raise tax rate 4%. Show all posts
Tuesday, March 17, 2009
Lakewood School Budget Would Raise Tax Rate 4%
Property owners would see a 4 percent jump — 3.4 cents — in the school tax rate based on a 2009-10 budget that the Board of Education introduced Monday night. The board voted to submit to the county a $73.6 million tax levy, of which $72.4 million will be decided by voters. The rest would go toward a debt service tax that does not appear on the ballot. The proposed budget totals $138.35 million. The tax rate is to rise to 91.92 cents per $100 of assessed property value, according to the proposal, meaning someone with a home valued at $400,000 will pay about $136 more in school tax next year. The 4 percent increase from last year is the maximum allowed by the state. APP.
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