JCPS tax rate hearing Thursday night, school board to vote Monday
LOUISVILLE, Ky. (WDRB) -- The Jefferson County Board of Education will hold a public hearing on the proposed tax rate for the 2015-16 year at 5 p.m. Thursday at the VanHoose Education Center, 3331 Newburg Road.
JCPS Superintendent Donna Hargens has previously said she would not ask the school board for a tax increase.
That means, if approved by the school board on Monday, the tax rate would remain 71 cents per $100 of assessed value, which means the owner of a $100,000 home would continue to pay about $710 in property taxes to JCPS. This would be the same rate as the 2013-14 and 2014-15 fiscal years.
“Revenue raised using the existing rate will allow the district to balance the budget and continue to provide our students with a quality instructional program and resources,” Hargens said in a prepared statement. “Taxpayers should know we are grateful for their investments in children.”
Hargens' recommendation came three months after school officials initially stated the district may need to seek a 4 percent property tax revenue increase later this summer in order to balance its $1.4 billion budget.
Property owners in Jefferson County have seen their school tax rates steadily climb over the last decade. In 2004-05, the owner of a $100,000 home would have paid the school district $592 in property taxes -- $124 less than what the current rate yields. That equates to a 21 percent increase over the past 10 years.
Last year, Superintendent Donna Hargens ultimately decided not to ask the school board for a tax increase, despite the district advertising the potential for one.
The public is allowed to comment at tonight's hearing, but no vote will be taken until the 7 p.m. meeting on Monday, which will also be held at the Van Hoose Education Center.
Reporter Antoinette Konz can be reached at 502-585-0838 or @tkonz on Twitter.
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