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Deputy superintendent: higher property values can raise tax bills even when millage falls
Summary
Deputy Superintendent Sellers explained that rising property values increase tax bills even if the millage rate decreases, a point board members pressed for clarity during the millage presentation.
During the July 28 public hearing, Deputy Superintendent Sellers explained that property tax bills depend on both the millage rate and assessed property values. Sellers said the district's taxable property value increased from about $80 billion last year to $85.4 billion this year and that increase can raise property tax bills even when the adopted millage rate declines.
Sellers told the board and observers: "When you take that rate and you multiply it by the property value which increase, you will see an increase." Board members asked Sellers to clarify why property values can go up while the millage rate declines; Sellers and the board walked through slide comparisons of the rollback rate and proposed millage to show how both rates and assessed values interact.
The exchange was intended to help the public and potential school-board candidates understand the distinction between millage rates and the actual tax dollars homeowners pay.
