Despite approving a multi-million dollar facilities improvement referendum in the past year, New Holstein School District residents will be seeing their tax mill rate for school purposes decline.
Factors such as a 5.4 percent increase in district property values and a 2.9 percent increase in state aids will help drop the mill rate to $8.60 per $1,000 of assessed valuation, compared to last year’s mill rate of $9.08 per $1,000. For every $100,000 in property owned by a person, that will mean $48 less in school taxes in 2021.
The figures were reviewed at Monday evening’s meeting of the New Holstein Board of Education.
District Business Manager David Ziegelbauer estimated at the Oct. 6 annual meeting of the district that the mill rate could be around $8.49, but he said Monday several cost figures came in higher than expected including for the Parental Choice Program.
The district’s property values rose to $817.9 million compared to $776.3 million last year, an increase of 5.4 percent. State aids are increasing $179,159 (2.9 percent) to $6.39 million for the 2020-’21 school year.
The district’s total levy is slightly lower for the next year than it was last year. It dropped from $7,050,042 last year to $7,034,394 this year.
(Please see the October 22 issue of the Tri-County News for more on this story.)
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