The Daviess County and Owensboro public school boards approved keeping their districts’ respective tax rates unchanged for the new Fiscal Year.
The majority of the revenues go to each district’s general funds, while a portion is restricted for use on facilities.
DCPS
The approved proposal at DCPS keeps the general fund tax levies at 71 cents on real property and 71.5 cents on personal property per $100 assessed value for the 2023-24 school year.
Those rates are expected to produce $48,427,747.58; last year they produced $44,633,003.80. Of the expected 2023-24 revenue, $6,850,044.99 is from new and personal property.
The compensating tax rates for 2024 are 68.8 cents on real and 71.5 cents on personal property and are expected to produce $47,113,132.81.
OPS
The approved proposal at OPS is to technically keep the general fund tax levy on both real and personal property at 86.6 cents per $100 assessed value for the 2023-24 school year. However, state statute allows the board to claim an extra .2 for losses per $100 assessed value for exonerations.
Including the exonerations recovery rate, the full rate of 86.8 cents is expected to produce $15,450,251; last year’s rate produced $14,443,676. Of the expected 2023-24 revenue, $1,568,115 is from new and personal property.
The compensating tax rate for 2024 for OPS is 83.4 cents on both real and personal property and is expected to produce $14,845,057.
