Public invited to JCPS meeting Monday about lowering property taxes
The reason the lower rate is being requested by Superintendent Donna Hargens.
LOUISVILLE, Ky. (WDRB) -- Jefferson County Public Schools hold a public meeting Monday night to talk about a plan to lower property taxes.
The current school portion of property tax is 71-cents per $100,000 of assessed value. Superintendent Donna Hargens says she will ask the school board to lower it to 70-point-8 cents.
Hargens says the district must lower the rate or it would exceed the four percent revenue growth allowed by Kentucky law. If the district did not lower the rate, the rate would be subject to a recall by voters.
Under state law, a taxing district can adjust its rate annually, but the new rate cannot result in its revenue increasing by more than 4 percent. Any increase exceeding 4 percent requires a petition that puts the increase up for a referendum.
The 6 p.m. meeting is at the VanHoose Education Center on Newburg Road.
JCPS recommends lowering property tax rate for 2016-17
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