By Jason Arndt
Editor
Although the overall tax levy expects to stay the same, property values went up in the Wilmot Union High School District, which brought a drop in its tax rate.
Electors learned of savings at the school’s annual meeting Monday, when it was revealed the tax rate is projected at $5.72 per $1,000 of property value, a $.39 drop from 2016-17.
The levy and mill rate, however, will not receive official certification by the school board until state aid and final property tax figures are released in October.
For taxpayers with a $200,000 home, they should expect to pay $1,145.71 in 2017-18, a savings of about $76 from last year.
Meanwhile, according to District Business Manager David Betz, he said after the school’s annual meeting on Monday the tax levy remains unchanged.
Like 2016-17, the tax levy approved by electors at Monday’s annual meeting showed a total amount of $12,169,231.
Of the $12,169,231, $7,769,874 will go towards the General Fund, another $4,398,357 will pay for 2004 General Obligation Bonds with the rest going to the capital improvement fund.
The levy is based on a decrease in state aid, figures show, indicating a drop from $5,254,977 to $4,910,092 for 2017-18.