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Franklin board approve unchanged school tax levy

Aug. 26, 2014

Franklin — School district taxpayers are likely looking at a flat tax bill for the 2014-15 school year.

Last week at the district's annual meeting — where taxpayers have the power to vote on a district tax levy — the school board unanimously approved a zero increase in the tax levy compared to the 2013-14 school year.

The total tax levy is estimated at $32.8 million with an estimated tax rate of $13.26 per $1,000 of assessed value.

A Franklin taxpayer with a home valued at $238,000 — roughly the median Franklin home value, according to the census — would pay about $3,155 in school district taxes, based on that estimated tax rate.

"When we look at the fiscal part of our district and how we run, I think our community can be very proud of what we do and how well we do it," said Superintendent Steve Patz. "Education costs money, but I think we've been able to take the dollars we've had available to us and, over time, build a strong financial base."

The school district predicts that state equalization aid will increase by approximately $410,000 due to a 3.5 percent drop in equalized value last year — allowing for the tax levy to remain the same.

The approved tax levy is based on tentative estimates. A final tax rate will become available in the fall.

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