By CRISTINA JANNEY
Hays Post
An increase in the Hays USD 489 property tax valuation will mean a lower mill levy for the district's supplemental general mill levy, also known as the local option budget or LOB, for the coming year.
The state sets a general fund mill levy for all school districts at 20 mills. Hays USD 489 also has a set 8 mills dedicated for capital improvements. The supplemental mill levy varies based on property valuation within the district.
For the 2022-23 school year the district will be decreasing the supplemental general mill levy from 13.309 mills to 12.898 mills.
In addition, taxpayers will begin seeing the 11.25 mills for the bond issue on their next property tax bill.
A mailing will soon be sent to taxpayers that reflects the new mill levy rates.
The district plans on conducting its annual budget hearing on Aug. 22.
Cover photo provided by Pixabay.