News
District sets 2010 tax rate
At a meeting on August 13, the Board of Education adopted the 2010 tax levy and resulting tax rate for Green Island.
The tax rate is $336.6312 per $1,000 of assessed property value, while the total tax levy is $2,716,911.
Because of the uncertainty that surrounds final assessments and equalization rates until well after the budget vote, the district emphasizes the tax levy (versus the tax rate) in budget meetings and informational materials leading up to the vote. The levy is the figure the district controls, and is the true indicator of how much the district is increasing taxes from year-to-year.
At the same time, estimated tax rates are often the first item residents ask about after the Board of Education adopts a budget for voter consideration. The district projects these rates based upon the prior year’s equalization rates—the best and only information it can use at that time to estimate changes to the tax rate.
New tax collection procedures
The district is changing its tax collection procedures this year. Pioneer Bank at 148 George Street will serve as assistant to the tax collector and all payments will be made at the bank. This should prove to be a convenience not only because payments can be made during all normal banking hours (instead of limited hours at the school in prior years), but also for the ease in building entry for our older residents. Payments will not be accepted at the school.
Any questions should be addressed to the tax
collector at the school. The bank will not respond to any questions
about the property taxes.
