Possible Tax Levy Increase for Columbia Public Schools
COLUMBIA - A loss in property value for the school district could mean a raise in the tax rate.
Members of the Board of Education will decided this morning on a possible tax levy increase.
The school district's property value dropped by 2.4 percent last year,.
At 7:30a.m. Thursday morning the board will sit down to discuss buming the tax rate by about 15 cents per $100 of assessed value.
For the owner of a $150,000 home the increase would mean an additional $42 a year.
The newly proposed tax rate would be about $4.12, up from $3.97 last year.
The proposed increase is still 42 cents below the maximum levy the board could adjust to.