Tuesday, September 8, 2009

Hold on to your wallets!!!!

Deputy District Administrator Phil Frei was asked recently what the current projections are for NEXT year's millrate, considering that the increase for THIS year is expected to be at least $1.28 (per $1,000 of assessed value).

Frei's estimate for the 2010-11 year is: $1.32 (per $1,000 of assessed value).

That's a total of $2.60 additional, or an additional $520 for a $200,000 home (as compared to 2009 property taxes).

Adding $1.32 on top of the $1.28 (at least) for this year (2009-10) will increase the total school district mill rate to $13.13, the highest it has been in over 10 years. All that building? Time to pay the piper, folks.

Please note, however, that mill rates can never be calculated with a high degree of confidence until final aid and equalized value (of district property) numbers are obtained in mid-October of any given year.