The Grayson County School Board voted to once again increase tax rates on real estate and personal property, while vehicle tax rates will remain the same.
The decision was finalized during a specially-called meeting on Thursday, Aug. 27, and will apply to the 2015-16 fiscal year.
The new rates will put real estate and personal property each at 49 cents per $100 of assessed value. That is an increase of 1.5 cents per $100 of assessed value for each category over last year’s rate of 47.5 cents.
The increase will not equal a large jump in each bill, but will net the school district a four percent revenue increase over last year.
A family with real estate valued at $100,000 for example, would see an increase of $15 in their annual real estate tax bill, for a total of $490.
The school district will see an increase overall of more than $200,000 from the rate bump.
Reach Brittany Wise at 270-259-9622 ext. 2014.