School Tax Impact

One of the biggest concerns for property owners facing an increase in county taxes is the strong likelihood of a significant rise in school taxes. Discussions with school district administrators reveal they share this concern. The new assessments appear likely to bring a windfall profit without any increase in their millage rates.

Although school tax rates differ from county tax rates, both rely on the same property assessments to calculate the appropriate millage rate. With the overall county tax increase ranging from 21% to 44%, school district revenue is expected to rise proportionally. Depending on where the majority of property value increases occur, some districts could experience assessment value growth well above 44%, while others might see less revenue than they currently generate.

We have not yet fully analyzed the data to assess the specific impacts on each district, but further review is forthcoming.