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Jefferson County school tax rate likely to hold steady

March 17, 2004|by DAVE McMILLION

charlestown@herald-mail.com

HARPERS FERRY, W.Va. - The regular tax levy rate for Jefferson County Schools in the 2004-05 fiscal year will remain the same under a proposal approved by the Jefferson County Board of Education on Tuesday night.

The rates, which are set by the Legislature, have not changed in 10 years, school officials said.

The Board of Education, meeting at Harpers Ferry Middle School, approved a proposed levy rate of 40.66 cents for every $100 of assessed value of residential property in the county.

There are different rates for property like farm equipment and commercial property, and about $10.3 million is expected to be generated through the levy, said schools Treasurer Nancy White.

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An identical rate was approved by the Berkeley County Board of Education on Monday night.

The Jefferson County Board of Education approved an excess levy rate of 45.9 cents per $100 of assessed value of residential property.

The excess levy rate, which will generate about $11.6 million, reflects an excess levy rate approved by county voters two years ago, White said.

The Board of Education also approved a debt service rate of 7.14 cents per $100 of assessed value, which will generate $1.7 million to be used toward a 1989 bond, White said.

After the rates are published in two local newspapers, the Board of Education will meet April 20 to consider final approval of the rates, White said.

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