Hardin County Schools will host a hearing for a possible tax increase at 6 p.m. Wed­nes­day at the district’s central office.

The proposed tax rate is 64.7 cents per $100 of assessed value on real estate and personal property, which is ex­pect­ed to gen­erate about $40.6 million for the district, according to a notice in The News-Enterprise.

The proposed rate is an increase from last year’s rate, which was 63.1 cents on real property and 62.9 cents on personal property. Those taxes produced about $37.6 million for the school district.

The current proposed tax rates represent a 4-percent increase in revenue, but Hardin County Board of Education members may vote on a different proposal.

A person owning a home valued at $100,000 can expect to pay $647 in property taxes if the board votes to take a 4-percent increase in revenue. By state law, 4 percent is the max­imum permissible annual revenue increase without being subject to a possible voter referendum.

Jessica Annis, director of finance for Hardin County Schools, said the tax money would be used for various expenditures, including competitive salary raises, day-to-day operations and instruction. A portion of the revenue generated also will go to building-related projects, such as bond payments and building maintenance.

The Hardin County Board of Education votes on the tax levy at 6 p.m. Thursday at the district’s central office.

Trey Crumbie can be reached at 270-505-1747 or tcrumbie@thenewsenterprise.com.

(1) comment

LoneVoice

What is this year’s compensating rate? Why was it not included in the story?

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