Tax Reduction

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TO:                 Property Owners of Kelleys Island

From:              Kelleys Island Board of Education

RE:                 School Property Tax Reduction

 

The Kelleys Island Board of Education passed a resolution and forwarded it to the Auditor of Erie County instructing him NOT to collect 11.5 mills of outside school millage for calendar year 2016 ONLY.  This action was taken at the monthly school board meeting on October 16, 2015 and will result in approximately $870,000 in school taxes NOT being collected for one year, 2016.

The Board of Education passed this resolution after reviewing the financial plan projections for the next five years and determined that the district’s resources would allow us to pass this savings back to Kelleys Island property owners.

This reduction by the school board, for the SIXTEENTH consecutive year, will allow property owners to continue to realize approximately a sixty-four percent (64%) savings on the schoolportion of their tax bill for calendar year 2016.

The Board of Education reviews the five year financial plan every fall and will act accordingly, keeping the school’s financial stability in the forefront and the property owner’s tax bill a close second.  Should the school or its programs require the full effective rate of voted millage, these reductions would cease.

If you have any questions regarding this action, please feel free to call Betty Schwiefert, Treasurer or Phil Thiede, Superintendent.

 

Sincerely,

 

Your Kelleys Island School Board of Education