School board budget hearing Tuesday

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Property owners' tax bills affected by millage rate discussion

By Jenna McKenna

Levy County property owners might want to free up a few hours this coming Tuesday evening. At 5:01 p.m. on July 28, the Levy County School Board will hold its first public hearing on the 2009-2010 budget, including the proposed property tax millage for the coming year. In this past Tuesday's meeting of the school board, Finance Director Bob Clemons laid out two possible options for the coming year's budget ? one that holds the millage at essentially the same level as last year (7.75 mills for 09-10 vs. 7.74 for 08-09), or one that substantially lowers the millage to 7.50, below the 2007-08 level of 7.54. A mill equals one dollar per thousand dollars of property value. Clemons explained his expectation of the potential impact on property owners with an example of an “average” property valued at about $130,000 in 2009-2010. With Option One of the proposed budget, which reduces the millage rate to 7.50, the owner of the $130,000 home would pay about $791 in property taxes for school funding. With Option Two of the proposals, which holds the rate at 7.75 mills, the same homeowner would pay about $817, a difference of less than $30.

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