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.
- Franklin Night Out Aug. 1 to kick off national event the following day
- Franklin resident Darlene Habanek to present at Quilt Expo in Madison
- News & Notes: July 28, 2016 issue
- Franklin school specialist is 'Making IT Happen' with technology
- State rep., write-in candidate, 19, seek Senate District 28 seat
- Things to Do: July 28, 2016 issue
- New pickleball courts to be painted at Ken Windl, Pleasant View Parks
- Franklin police report: July 28, 2016 issue
- Franklin Library to host Pokemon Go Night on August 11
- Websites to get new look, realignment