Danville schools set property tax rates
Published 9:18 am Friday, August 13, 2021
The Danville Board of Education reduced its 2021-’22 real estate property tax rate by 2/10ths of one percent at its working session Monday night. The rate went from 98.3 cents per $100 to 98.1 cents.
The tax rate will stay the same as last year’s at 98.3 for tangible property.
Superintendent Tammy McDonald recommended the board choose the lowest rate of the five options provided by the Kentucky Department of Education, “Because I just spent a week with our auditors and they discussed that we’re in better financial standing than we have been in years.”
Email newsletter signup
The real and tangible taxes are expected to bring in $9,071,797.37 to the school district.
If the board had chosen the option to keep both rates at 98.3, the district would have only received about $16,000 more, McDonald said.
The highest rate that KDE would have allowed the board to increase real estate and tangible tax rates was 102.8 each — which would have been a tad more than $1.02 per $100, following a public hearing, and would have brought in $9,504.026.32 to the district.
Board member Wade Stanfield said, “Having met with our auditors saying that we’re in pretty good financial state, I feel our community should reap that benefit as well.”
Without any further discussion, the board voted unanimously to approve the tax rates.
In other business:
• The board discussed the timeline on filling the second board seat left vacant by Paige Stevens earlier this month. Anyone who is interested in being on the board may download the application from the website: https://www.danvilleschools.net/Content2/612
Applications are due Aug. 30. The appointment will be effective until the end of the term on Dec. 31, 2022.
• Voted to allow the Danville Youth Football League, which is independent from the Danville Schools, the use of the high school practice football field and Admiral Stadium for their games on Saturdays. McDonald told the board that DHS head football coach Mark Peach “has stepped up and volunteered to head up that program.”