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.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.

Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.


Local Crime Map



Latest Photo Galleries