Marshall Public Schools’ Superintendent Dr. Carol Maher made a presentation regarding the tax levy for the 2019-20 fiscal year during the school board meeting on Tuesday, August 20.
Dr. Maher explained assessed valuation of taxable property was up in one category and down in another.
Dr. Maher said the overall assessed valuation of property increased by $501,984.
Even though raising the rate to $3.1697 is legal for the district to do, Dr. Maher recommended the board approve the rate to remain the same as it has been for the past few years.
Dr. Maher said that keeping the levy at $3.12 means there will be $45,115.28 less revenue than the district could get. “But I suggest that we rollback that .0497 to $3.12.”
So, the board voted to keep the tax-levy rate at $3.12 per $100 of assessed valuation of real and personal property.