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Property owners in the Red Clay Consolidated School District will see their school tax bills increase by 3 percent this year.
The Red Clay Board of Education unanimously approved a 5-cent increase to the overall tax rate, bringing it to $1.674 per $100 of assessed property for the 2009-2010 school year.
Based on 1983 figures, the average assessed property value in Red Clay is about $75,000, so residents will pay, on average, $37.75 more in taxes this coming school year, Chief Financial Officer Jill Floore said at the Wednesday, July 8 meeting at Warner Elementary School. That adds up to $1,255.50.
Last year, the board approved a 14.1-cent increase – 9.5 percent – of the overall tax rate thanks to the successful referendum held in February, 2008. Referenda ultimately determine the bulk of the tax rate known as the current operating expense, which pays for regular operating costs.
The 2008 referendum paved the way for the board to raise this rate by 5 cents this year and 5 cents for the 2010-2011 school year.
| Red Clay Tax Warrant | |||
| Type of Tax | FY 2009 | FY 2010 | Difference |
| Operating | $1.126 | $1.176 | +$0.050 |
| Tuition | $0.327 | $0.317 | -$0.010 |
| Debt Service | $0.141 | $0.151 | +$0.010 |
| Minor Capital | $0.030 | $0.030 | $0 |
| Total Tax | $1.624 | $1.674 | +$0.050 |
The board also approved a 1-cent decrease in the tuition rate, which provides local funding for special education and other special needs. This rate went down largely because of a reduction in the amount Red Clay has to pay to the Christina School District to provide services for Red Clay special education services, Floore said.
However, the debt service rate, which pays for the local share capital construction projects in the form of 20-year bonds, increased by 1 cent, Floore said.
Property owners in the Red Clay Consolidated School District will see their school tax bills increase by 3 percent this year.
The Red Clay Board of Education unanimously approved a 5-cent increase to the overall tax rate, bringing it to $1.674 per $100 of assessed property for the 2009-2010 school year.
Based on 1983 figures, the average assessed property value in Red Clay is about $75,000, so residents will pay, on average, $37.75 more in taxes this coming school year, Chief Financial Officer Jill Floore said at the Wednesday, July 8 meeting at Warner Elementary School. That adds up to $1,255.50.
Last year, the board approved a 14.1-cent increase – 9.5 percent – of the overall tax rate thanks to the successful referendum held in February, 2008. Referenda ultimately determine the bulk of the tax rate known as the current operating expense, which pays for regular operating costs.
The 2008 referendum paved the way for the board to raise this rate by 5 cents this year and 5 cents for the 2010-2011 school year.
| Red Clay Tax Warrant | |||
| Type of Tax | FY 2009 | FY 2010 | Difference |
| Operating | $1.126 | $1.176 | +$0.050 |
| Tuition | $0.327 | $0.317 | -$0.010 |
| Debt Service | $0.141 | $0.151 | +$0.010 |
| Minor Capital | $0.030 | $0.030 | $0 |
| Total Tax | $1.624 | $1.674 | +$0.050 |
The board also approved a 1-cent decrease in the tuition rate, which provides local funding for special education and other special needs. This rate went down largely because of a reduction in the amount Red Clay has to pay to the Christina School District to provide services for Red Clay special education services, Floore said.
However, the debt service rate, which pays for the local share capital construction projects in the form of 20-year bonds, increased by 1 cent, Floore said.
