LOUISVILLE, Ky. (WDRB) — The Jefferson County Board of Education met Tuesday night and approved a new tax rate.
Not part of the agenda, was a vote to restore routes for some students that loss transportation.
Tax Rate
The board voted to lower its tax rate on Tuesday, however, Jefferson County Public Schools will still make more money.
That’s because property value assessments continue to increase across Jefferson County, a rate decided by the county Property Valuation Administrator.
The approved rate is 73.5 cents per $100 assessed value on real property, down from last year’s rate of 76 cents.
If a home assessment is valued at $100,000, the homeowner would pay $735 in school tax.
The board voted to lower its tax rate on Tuesday, however, Jefferson County Public Schools will still make more money.
Although the rate is a decrease, JCPS anticipates $31 million in additional funds.
The district said it …