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The Covington Board of Schooling voted to decrease its property tax charge by 17% final week, following the same transfer by the Metropolis of Covington, citing elevated property worth assessments within the metropolis.
Superintendent Alvin Garrison advisable a tax charge of 89.5 cents, which is a discount of 18.6 cents from final 12 months’s charge of 108.1 cents. The district additionally lowered its private property tax charge from 108.3 cents to 100.2 cents.
“The tax charge has not been this low since 2003,’’ Garrison mentioned.
If adopted, the brand new property charge would imply the proprietor of a house inside the district valued at $100,000 would pay $895 in property taxes. The quantity residents pay is decided by the assessed valuation of their houses.
The district doesn’t cowl all the Metropolis of Covington, which can also be served in varied components by the Kenton County College District.
In response to Annette Burtschy, Covington’s former finance director from 2012 to 2020, the board didn’t enhance property taxes throughout these years despite the fact that they’d a possibility to. Nevertheless, throughout the 2021-2022 college 12 months, the district voted to hike the property tax charge.
Burtschy cautioned that despite the fact that the board is proposing chopping the tax charge by 17 p.c, not all residents will see a lower.
Covington’s board of training says it plans to make use of income generated from the property tax to maintain the salaries of Covington lecturers and workers on par with different Northern Kentucky districts, replace know-how and amenities, and handle the wants related to the District’s rising inhabitants of English language learners.
“We consider we must always supply one of the best for our college students, lecturers, workers and neighborhood,’’ Garrison mentioned. “They positively deserve it.’’
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