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District adopts lower tax rate; staff warns ballot measure could freeze assessed valuations
Summary
The Hillsborough School District board adopted a proposed 2025–26 tax rate of $3.6777 per $100 assessed value after staff described assessed-valuation trends, Hancock Amendment rollback mechanics and possible impacts if a state ballot measure (referred to as Senate Bill 3 in the presentation) limits future reassessments.
HILLSBOROUGH — The Hillsborough School District board approved a proposed tax rate of $3.6777 per $100 of assessed valuation for the 2025–26 year, the district announced after a detailed staff presentation on assessed valuations, Hancock Amendment mechanics and long-term revenue impacts. A district staff presenter told the board and public that assessed valuations in some years rose sharply in the county and that the Hancock Amendment requires districts to lower their tax rates to capture inflation adjustments (staff referred to a CPI/CVI figure of 2.9% in the current certification). The presenter said those mechanics effectively require the district to roll back roughly 6 cents on its operating levy this…
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