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Tax levy set by California School Board

Tax levy set by California School Board

August 28th, 2013 in News

At the California R-I School Board meeting Wednesday, Aug. 21, the board convened at the high school library media room for the tax levy rate public hearing. The board then opened the regular session and set the tax levy rate.

After discussion, the board approved the rates recommended by Superintendent Dwight Sanders.

The total tax rate levy will be $3.9981 per each $100 of assessed valuation, up from $3.9641. The Operating Tax Levy rate rises from $3.0225 per $100 of assessed valuation from $2.9885. The Debt Service Tax Levy rate remains the same at .9756 cents.

Sanders explained that the assessed valuation in the district is down by about $3 million. The increase is about 3 cents per $100 assessed valuation, which would be an increase of about $6.50 on a house valued at $100,000.