Higher Property Values Means Homeowners Pay More to Schools
School board officials say that the downturn in the state's economy is to blame. While taxes are going up, what homeowners will find is their millage rate for schools will actually go down. The need, they say, is to make sure that they can raise the $95 million needed for the districts operating budget.
Board member, Wes Eubank explained, "If your home is worth more, particularly in new homes that's where the problems comes although the millage rate this year will be a two thirds less than it was in 1998. It's going from 12.2 to 8.4."
Additionally, with state revenues taking a downturn, school districts throughout Florida will also have to set aside reserve funds, in advance of funding cuts, for Alachua County that will be about $4 million.
By Stacey Samuel, WCJB TV20 News
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