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Assessed valuations rise 6%; district's overall tax rate shown falling 3% in proposed tables

Franklin Public Schools Board of Education · September 15, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The transcript shows assessed valuations increasing from $523,934,798 to $554,057,118 (6%); the proposed overall property tax rate decreases from 0.848432 to 0.822844 (a 3% change) while the General Fund tax rate is shown at 0.792541 in the proposal.

The board record includes valuation and tax-rate data for 2025–26. Assessed property valuations used for the district's calculations are listed as $554,057,118, up from $523,934,798 the prior year (a 6% increase).

The budget summary shows a proposed overall property tax rate of 0.822844, down from 0.848432 (a 3% decrease in the table), while the General Fund rate is listed as 0.792541. Those rate calculations and the valuation change are presented in the posted tables; the transcript does not include additional commentary or analysis of the causes for the valuation change.