News
District sets 2011 tax rate
At a meeting on August 13, the Board of Education adopted the 2011 tax levy and resulting tax rate for Green Island.
The tax rate is $350.27675 per $1,000 of assessed property value, while the total tax levy is $2,791,626.
Tax bills will be mailed prior to Sept. 1 and are due by September 30 without penalty.
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.
Tax collection procedures
The district changed its tax collection procedures last year. Pioneer Bank at 148 George Street serves as assistant to the tax collector and all payments should be made at the bank. The change in procedure is to intended to provide 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 Edmund
Galka
at 273-1422, ext. 2004 the tax
collector at the school. The bank will not respond to any questions
about the property taxes.
