Both Owensboro and Daviess County public school districts are proposing to keep their tax rates unchanged for the new Fiscal Year, though revenues will still increase. Public hearings for both districts regarding their proposed rates will be held Thursday.
Finance officials with both districts said that between new property and higher property tax assessments, revenues would increase enough that the tax rates did not need to be changed. The majority of the revenues go to each district’s general funds, while a portion is restricted for facilities.
OPS proposal
The proposal at OPS is to keep the general fund tax levy on both real and personal property at 86.6 cents per $100 assessed value for the 2022-23 school year.
That rate is expected to produce $14,674,121.72, which is up $821,066.72 from the 2021-22 fiscal year. Of the expected 2022-23 revenue, $1,439,393.11 is from new and personal property.
The compensatory tax for FY 2023 is 83.4 cents and both real and personal property and is expected to produce $14,131,890.90.
The OPS public hearing on the proposed rates will be at 4:45 p.m. Thursday at their Central Office (450 Griffith Avenue). Board members will vote on the proposal during their regular meeting which begins at 5 p.m. Thursday.
DCPS proposal
The proposal at DCPS is to keep the general fund tax levy on real property at 71 cents and personal property at 71.5 cents per $100 assessed value for the 2022-23 school year.
That rate is expected to produce $46,194,075.58, which is up $3,780,041 from the 2021-22 fiscal year. Of the expected 2022-23 revenue, $6,732,853.16 is from new and personal property.
The compensatory tax for FY 2023 is 68.7 cents and both real and personal property and is expected to produce $44,657,633.47.
The DCPS public hearing on the proposed rates will be at 4:15 p.m. Thursday at their Central Office (1622 Southeastern Parkway). Board members will vote on the proposal during their regular meeting which begins at 4:30 p.m. Thursday.
