School District requests renewal of property tax at lower rate

INDIAN RIVER COUNTY — On Aug. 30, the School District of Indian River County will ask local voters to approve a discretionary property tax at a rate of 0.50 mills. This would replace the existing voter approved 0.60 millage that expires June 30, 2017. These funds will be used to:

• Retain high quality teachers

• Purchase technology and support infrastructure

• Implement and maintain Career and Technical Programs

Funds generated by this millage will be shared with charter schools based on student enrollment.

With the reduction in the rate from 0.60 to 0.50 mills, homeowners may see a reduction in their property taxes dependent on their homes’ assessed value. For example, a home with an assessed value of $200,000 would see a reduction in property taxes from $105 to $90.50 per year.

The District will continue to provide an annual report to the citizens of Indian River County detailing how funds were used in accordance with the ballot language.

More information can be found at:

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