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Seaford Board discusses reassessment impact, preliminary FY26 tax rate and 10% assessment option
Summary
District finance staff presented a preliminary FY26 tax-rate estimate tied to recent reassessments, showed the average Seaford home assessed value and explained how a one-time 10% assessment would translate into much smaller changes in taxpayer bills than the public discussion suggested.
Seaford School District finance staff presented a preliminary estimate of the district’s FY26 tax rate and the likely effect of a possible one-time 10% assessment during the board’s May 12 meeting.
District staff said reassessments raised the district’s total assessed value to roughly $3.4 billion and that the average home in Seaford is now assessed at $221,352. Under the district’s revenue-neutral calculation, staff reported a preliminary tax-rate estimate for FY26 of about $0.29 per $1,000 of assessed value for the current expense portion — a substantial decrease from prior nominal rates because assessed values rose. Staff also said “1p” (one…
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