Commenting login:
  • Log-in Edit profile
  • Register Logout

Advertisement

82-cent hike in Kettle Moraine School District tax bill

Big drop in state aid raises district tax rate

Oct. 31, 2012

Dealt one of the largest reductions in state aid of almost any district in the state, while facing declining enrollment, lower property values and a reduced revenue limit, Kettle Moraine School District residents will see an increase in the tax rate of 82 cents per $1,000 of assessed value for the 2012-13 school year.

State aid is the lowest the district has seen since 1995-96, according to Chief Business Officer Susan Graham.

The district approved general fund expenditures of $45 million for 2012-13, up about 3.4 percent over the 2011-12 budget of $43.5 million. The increase in spending, coupled with a 15-percent decline in state aid shifted more of the burden onto taxpayers. The tax levy for 2012-13 is $33.6 million, up about 4.5 percent over the 2011-12 levy of $32.1 million.

Additionally, a nearly 4-percent reduction in property values coupled with the increase in the tax levy, leaves taxpayers with a tax rate 82 cents higher per $1,000 of assessed value than last year. The 2012-13 tax rate is $10.22 per $1,000, which is 8.7 percent higher than the 2011-12 tax rate of $9.40 per $1,000.

"Operationally, the budget has remained unchanged for the past six years," Graham said. "We're constantly trying to outperform our budget."

The budget was balanced through realigning resources to support the district vision of learning without boundaries, changes to insurance plan designs and bidding out health, dental, life and disability insurance. The final levy figures were only about $3,000 more than what was presented at the annual meeting, Graham added.

According to Graham, the impact on property taxes will depend on the assessed values placed on homes. If the value remains unchanged, a home valued at $350,000 will receive a potential tax increase of $357, while if the same home's value drops by nearly 4-percent the potential tax increase would be $220 per $1,000 of value.

"One would assume that since the equalized value came in reduced, so would some of the property values, but not necessarily at the same rate," Graham explained.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Weekend Happenings

Featured this week:  

Knights of Columbus Fish Fry: 4:30 p.m. Feb. 12, St. Jerome Catholic Church, 995 S. Silver Lake St., Oconomowoc. The buffet style fish fry includes both baked and fried cod with French fries, German and American potato salad, coleslaw, rye bread, grilled cheese sandwiches, four-bean salad, and coffee and milk. Soda, beer and desserts are available for an additional cost. Carryout available: Call 569-3032 from 4:30 p.m. to 7 p.m. $5-$9

“Not Now Darling”: through Feb. 14, Lake Country Playhouse, 221 E. Capitol Drive, Hartland. www.lakecountryplayhousewi.org, (262) 367-4697

Hot Tango: 7 p.m. Feb. 12-13, Oconomowoc Arts Center, 641 E. Forest St., Oconomowoc. Accordion sensation Stas Venglevski, pairs up with Rosa Borisova on cello, Mark Carlstein on piano, and Joe Ketchum on violin offering classical and jazz elements of the traditional tango. Dinner option available. $15-$40.

 

K2 Valentine’s Piano Concert: 3 p.m. Feb. 14, Fox River Congregational Church, N34 W23575 Capitol Drive, Pewaukee. K2 stands for Kostia and Kostia the world-renowned musicians of the same name. Both considered prodigies of their time, the two pianists hail from St. Petersburg, Russia and are playing a free concert in order to help collect food items for the local food pantry in Pewaukee. Traditional Russian teas and cookies will be offered for a nominal fee. 

All weekend happenings

 

Advertisement