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Kingsport officials say Sullivan County tax reallocation cut district receipts by about $950,000
Summary
At its Nov. 11 meeting the Kingsport City Schools board was told a county certified tax-rate reallocation reduced the district's share of property-tax revenue by about $949,000 this year, a consequence of a shift in county fund allocations though the county met maintenance-of-effort on a budget-to-budget test.
At the Nov. 11 Kingsport City Schools Board of Education meeting, finance staff described how Sullivan County's reappraisal and certified tax rate changed the distribution of local property-tax dollars and reduced Kingsport's property-tax receipts by roughly $949,000 for fiscal year 2026.
Mr. Fry, presenting the district's financial update, said the county's certified total tax rate went from $2.49 to $1.61 after reappraisal and that the school portion of the rate fell from about 98¢ to 59¢. "That reduction in the school tax rate equates to approximately $2,596,000 countywide," Fry said, "and we share in that percentage, which results in about $949,000 less for Kingsport City Schools this year."
The change was not a single new tax increase, Fry…
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