Jefferson County Public Schools administrators will recommend that the district’s real estate and property tax rates remain unchanged for the 2014-15 fiscal year, JCPS said in a statement released late Wednesday.
If the school board approves, the rate will stay .71 cents per $100 of assessed value. That means resident whose property’s value is assessed at $100,000 will pay $710 to JCPS for the year. The Jefferson County Board of Education will vote on the proposal at Monday evening’s meeting after a public hearing.
“It has always been my goal to recommend no tax rate increase for Fiscal Year 2014- 15,” Superintendent Donna Hargens said in a released statement.
“In order to be the best possible stewards of Jefferson County taxpayers’ money, we took a great deal of time to analyze and reanalyze every line item of the budget to determine whether this could be done in the best interest of our students.”
The school board had voted to raise taxes ever year since the 2007-2008 fiscal year.
Earlier this month, JCPS had a legal notice published in The Courier Journal that said it was considering raising the tax rate to 73 cents per $100 of assessed value.
If the board approves the recommended rate, the school district will get an estimated $402.4 million in revenue in revenue.
Residents can voice their thoughts on the tax rate during the school board meeting on Monday. Public comment will be heard beginning at 6:45 p.m. at the VanHoose Education Center, 3332 Newburg Road.
WFPL’s Joseph Lord contributed to this story.