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PVA office encourages school board to accept lower equalization tax rate – Winchester Sun
Idaho

PVA office encourages school board to accept lower equalization tax rate – Winchester Sun

PVA office encourages school board to accept lower equalization tax rate

Published on Friday, August 23, 2024, 11:00 a.m.

The office of the Clark County Property Valuation Administrator (PVA) remains active.

Jada Brady, who was elected to office in November 2022, recently addressed the public via Facebook, among other channels.

In a frank message to the citizens of Clark County, she hoped they would take action. She demanded and pleaded that Clark County Public Schools board members accept a lower equalization tax rate.

“(Over) the past few months I have spoken to several groups about tax rates. This year we have a chance to see a tax rate reduction, but this is where I need your help. Every taxpayer in Clark County needs to share this post and draft a separate email to each school board member and the superintendent politely asking them to accept a lower rate, just the (sic) compensatory tax rate,” reads Brady’s post, which was published on Facebook.

In a phone conversation, Brady explained that such a measure could have significant implications.

“The school board is the largest beneficiary of property taxes. Currently, they receive 67.5% of all property tax revenue,” she said. “They have historically charged full tax rates and historically charged compensatory tax rates. Since we have had such an increase in property valuation, I thought it would be a good time for us to see a reduction in our overall tax rate and they would have the greatest impact on that tax rate.”

As stated on its website, the Kentucky Department of Education confirms the tax rates that may be imposed on local state districts.

According to the Real and Personal Property Tax Calculation Report 1 for District 121 in Clark County, the equalization tax rate for “real property” in 2024–25 would be 64.3, while a 4% increase would be 66.8.

“Any tax rate would be lower than the 67.5% we had last year,” Brady added. “The choice of compensatory rate would obviously have a larger impact on the overall tax rate.”

On Facebook, Brady stated that the decision would not impact other aspects.

“To be clear, this will not reduce the overall funding the school board receives. In fact, they will receive the same funding and even more due to the increase in new ownership,” she said. “By requiring them to take only the equalization rate, you are not taking funding away from the schools.”

Brady added that several citizens have responded so far.

“I’ve actually seen several (individuals) take the email and send it to their own groups,” she said. “I’ve seen a lot of positive impacts. I haven’t seen a lot of negative impacts, which I’m thankful for.”

When asked what she hopes to see at the next school board meeting – scheduled for Tuesday, August 27, at 6:30 p.m. at the CCBOE main office at 1600 West Lexington Avenue – Brady responded.

“I hope they accept the equalizing tax rate,” she wrote. “I’m not trying to take money away from children or the school system, but I’m trying to protect the citizens of Clark County as far as the amount of property taxes they have to pay out of their own pockets.”

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