Proposed Tax Levy Information

At the September 27 school board meeting, the school board approved its proposed tax levy for 2010 taxes payable in 2011. Click here for the proposed levy information. In accordance with state law, the school board will discuss the budget and tax levy at its December 20 school board meeting that will begin at 7:00 p.m. in the Delano Middle School Media Center. (The meeting is held at the school because City Hall is not available so the meeting will not be televised live.)

You will notice a significant decline in the school portion of the property tax notice. This is due to a decrease in the debt service which is brought about by the pay-off of some previously issued bonds for facilities. The total decrease in the levy is $527,403 or 9.74%. If the pay-off of the bonds did not take place the levy would have increased by 1%. This will translate to a savings of about $49 per $100,000 of taxable value on residential homestead property.

Property owners will receive by mail a notice of their proposed property tax and notice of the above mentioned meeting between November 10 and November 25. Click here for a booklet titled Understanding Your Property Taxes, 2010 Edition for Taxes Payable in 2010. This publication can be of assistance in undersanding property taxes.

Another publication that is available is Fourteen Reasons Why Property Taxes Vary from Year to Year, which is also helpful in trying to understand why property taxes change.