Voters to decide fate of Indian Lake property tax Nov. 6

Created on Monday, 29 October 2012 Written by NATE SMITH

Supporters of an upcoming property tax question in the Indian Lake school district are making a final push to help pass an operating levy that school officials claim is integral to keeping the school moving in the right direction.

The 10-year, 7.35 mills levy would raise $2.75 million annually. A home valued at $100,000 would pay an extra $225.09 per year.

The school board has kicked around the idea of trying to pass a levy for some time, first floating the idea at school board meetings around January. Initially, administrators and the school board wanted to wait until an existing 5.7 mills levy expires Jan. 1, 2015, but with projected deficits starting next year, they claim their hand was forced.

That levy originally was passed in 1999 at 8.25 mills and has since been twice renewed with lower mills as property values increased.

Board members have pledged to allow that levy to expire as scheduled. When that $171.50 (based on $100,000 property) comes off the books, the net property tax increase for voters would be $53.59 per year.

Read complete story in Monday's Examiner. CLICK HERE to subscribe today!

Share this post