Hamilton School Board certifies 2022-23 tax levy, Oct. 17, 2022
Hamilton School Board members adopted a budget and certified a tax levy resulting in the lowest mill rate in the district’s history. The budget totaled $71.1 million which was supported with a $37.5 million tax levy. The tax levy is the portion of revenue generated through local property taxes. Overall, the budget increased 3.52% over last year. The mill rate will drop 23 cents, from $7.93 to $7.70 per $1,000 of property value. A 13.4% increase in property value throughout the district contributed to the district’s historically low mill rate.
Each October, the School Board must adopt the budget, certify the tax levy and establish the tax rate after the Department of Revenue determines property values in the district. Tax bills are sent to property owners in December.
2022-23 revenues & expenses
Revenues by source, expenses by function
The 2021-22 tax rate was the lowest in the Hamilton School District’s 60-year history. The mill rate is projected to be $7.70 for 2022-23.
To view minutes from this year’s annual meeting, clickhere.
To view minutes from last year’s annual meeting, clickhere.