Rising value of homes in the area seem to be giving some property tax relief to homeowners.
Monmouth-Roseville approved a 27 cent decrease in their levy Monday, while ROWVA could ask for the same rate as last year at their meeting on Monday.
The Monmouth-Roseville levy would save the owner of a $45,000 home about $123 per year.
Superintendent Ed Fletcher says that he shares a number of concerns that other superintendents have, as to what will help at the state level.
Some of those worries include rumors of shifting pensions costs onto districts and freezing property taxes which could stymie districts’ ability to raise revenue in the future.
Still Fletcher tells WGIL while he has worries, it’s ultimately a guessing game and Monmouth-Roseville has to balance what’s best for students and taxpayers.
“With increased funding this year, our finance committee looked at where the fund balances were at this year and felt comfortable with the decrease,” Sornberger says.
ROWVA has yet to finalize a levy but Superintendent Joe Sornberger says his proposal doesn’t include an increase for tax payers.
He says he’s asked the board to approve a levy of between $4.98 to $5.00 per $100 of Equalized Assessed Value of homes.
Because of an increased EAV in the district, the same rate will generate about $168,000 in additional revenue.
Sornberger says ROWVA has the opportunity to have a near balanced budget by the end of the year but they have yet to receive any mandated categorical payments for transportation from the state.
