CUSD #4 Board of Education will approve the 2014 tax levy at the December 17th meeting. This is a complicated process. Sometimes the jargon leads to miscommunication. The goal of this article is to clarify a few points about the tax levy.
There will be a Truth in Taxation hearing at 6:30 p.m. on December 17, 2014 in the Unity High School Library. The Board will approve a tax levy following that hearing.
Fortunately projections for the district’s EAV are that the total property value of the district will increase about 6%. The Board’s intent is to establish a tax levy that will keep the tax rate level. With rising EAV slightly decreasing bond obligations, the total dollars the district will levy for are about a 9% increase. The end result is the tax rate should remain level throughout the district.
The tax levy process can be confusing. There is an official notice that must be posted in the newspaper. You will see it run in the Mendon Dispatch this week. The wording is established by law and must be followed. The wording is confusing because it refers to the increase in total tax dollars. It will mention the 9% increase in the tax levy. However, the goal is to keep the tax rate the same. Based on EAV projections, an increase of 9% in total dollars will result in a level tax rate. In this case individual tax bills will only change if a property owner’s EAV changed.
If you have questions or concerns about the process, feel free to call Brian Kurz at the district office (217.936.2111). As always, community members are welcome to attend the hearing and all Board meetings.