HomeNewsMarlton NewsEvesham K-8 school tax bill affected by declining ratables

Evesham K-8 school tax bill affected by declining ratables

By ROBERT LINNEHAN

Members of the Evesham K-8 Board of Education passed a preliminary budget last week that reduced the 2011–2012 school tax levy by almost $200,000 from the current year. Despite the reduction, Business Administrator Dennis Nettleton reported that the average assessed homeowner in Evesham will likely see an increase in their school tax bills for 2011–2012.

The BOE unanimously approved the preliminary version of its 2011–2012 budget last week. The $65.9 million general fund school district budget is a 6.56 percent decrease from the present year’s $67.49 million budget.

Including debt service and special funding the total budget is $72.9 million, Nettleton said.

Nettleton reported that the school tax rate, inclusive of debt service, will be set at $1.03 per every $100 of assessed property value. The average assessed home in Evesham Township is valued at $276,100.

The total school tax levy is less than the 2010–2011 levy by more than $155,500. However because of declining ratables in Evesham Township the average assessed homeowner’s bill could increase by $40 next year, Nettleton said, or $3.33 a month.

The last time the Evesham K-8 BOE proposed a budget that decreased its tax levy from the prior year was over a decade ago, Nettleton said. In 2008 the district came close, reported Nettleton, only raising the school tax rate by less than a percent.

RELATED ARTICLES

Related articles

3

Marlton Calendar
October 2, 2024

7

‘Beyond boundaries’
September 30, 2024

10

Celebrate squash day
September 26, 2024

11

Marlton Calendar
September 24, 2024

18

‘Big shoes to fill’
September 17, 2024

21

Marlton Calendar
September 17, 2024

29

‘We will never forget’
September 13, 2024

32

33

Marlton Calendar
September 10, 2024

37

Making music
September 6, 2024

39

Marlton Calendar
September 3, 2024

current issue

latest news

Newsletter

How to reach us