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Superintendent says uneven property assessments may skew state school funding formula
Summary
During the superintendent's report, the district leader said uneven municipal assessment practices and recent school levy increases may interact to raise local property tax bills and questioned whether the state aid formula's equalized value component compensates for those differences.
At a Hillsborough Township Public School District board meeting, the superintendent devoted their report to what they called the "fair funding" fight over state school aid and how local property assessment practices can affect both state aid and local tax rates. "Part of my superintendent report is about the fair funding school fight. Um, and that fight for me continues, and I'll tell you why it continues," the superintendent said.
The superintendent said the board recently raised the school tax levy and warned that homeowners can see higher bills when a levy increase coincides with higher home assessments. "When you raise the tax levy, the taxes go up, but also when your house gets…
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