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February 12, 2011Madison School District Considers 7.64% ($18, 719.470) Property Tax Increase for 2011/2012 BudgetErik J Kass, Assistant Superintendent for Business Services: The following analysis is done using the PMA Model information and is looking at the cost to continue budget figures that will be provided to the Board on March 14, 2011. The analysis includes the impact on the median home in Madison, and for that figure we contacted the City of Madison Assessor and were provided that value at $241,217. For comparative purposes ofthe effect on this home, we are using the assumed value from the 2010-11 analysis of$246,041 or 2%morethanthecurrentmedianvalue. Theequalizedpropertyvaluationforthe2011-12 budget year is also projected to decrease by 2.00% as part ofthis analysis.The Madison School District's 2010-2011 budget increased property taxes by about 9%. Posted by Jim Zellmer at February 12, 2011 4:13 AM Subscribe to this site via RSS/Atom: ![]() Comments
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