Columbia Board of Education Revises Tax Increase

8 years 7 months 2 weeks ago Tuesday, August 31 2010 Aug 31, 2010 Tuesday, August 31, 2010 7:09:32 PM CDT August 31, 2010 in News
COLUMBIA - The Board of Education held a special meeting early this morning to reduce an incorrect tax increase. The error was caught last Thursday and needed to be promptly adjusted. A $20 million railroad and utility assessment was overlooked by the County Clerk's office. The increase in valuations cut the increase in half, from 14.75 cents to 7.75 cents.

The rate affects personal and property taxes.

Jan Mees, President of the Board of education, explains, "With our previous calculation that we had, an owner of a $100,000 home was gonna have to pay 28 more dollars per year, now they will only have to pay 14 dollars more per year."

Chris Belcher, Columbia Superintendent, adds, "Once you add those numbers back, then the total pool of property being taxed grows, therefore the tax levy being used generates more money because there is a greater value to be taxed."

The current total levy is $4.8492. In 2003, Columbia's Board of Education created a ceiling of $4.94, so the levy will never exceed that amount.

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