The Buffalo-Hanover-Montrose Dist. 877 School Board approved a 4.02 percent levy decrease.
Director of Finance and Operations Gary Kawlewski presented Truth in Taxation information for taxes payable in 2014. In his presentation, Kawlewski highlighted four main factors affecting taxes (school portion only).
1. The district’s total levy has decreased $513,831 or a decrease of 4.02 percent. Some of the reasons for the decrease are due to: a reduction in OPEB Levy (Other Post Employment Benefits); less health and safety projects that the district has to levy for in 2014 and 2015; paying less unemployment costs as a result of fewer people collecting those benefits; and greater equalization from the state which results in lower local taxes.
2. The total value of all property within the school district boundaries (tax base) referendum market value and net tax capacity is up for the district.
3. The assessed value of property (estimated and taxable market value).
4. The market value exclusion (state legislature): A. Reduces taxable market value based on a state determined formula; and B. It is the reason why some statements show a difference between estimated market value and taxable market value
The tax change will vary based on the change in individual property value.
The recommended levy is $513,831 less than the Pay 2013 levy. This represents a decrease of 4.02% in total school property taxes. Kawlewski said that most individual taxpayers would see a decrease in the school portion of their property taxes if there were no change in their home valuation. However, certain residential homestead properties in the city limits are increasing.
This means some residents could see increases in their taxes if their taxable market value percentage increase went up more than the percentage increase of the district as a whole. He also noted that commercial industrial property values are still decreasing on average. Those types of property in the district may see some decrease depending on the change in the estimated market value of their property.
In other matters, the board recognized the Buffalo High School “Phantom of the Opera” cast and crew and advisor Tracy Hagstrom Durant.
The following were recognized by the Hennepin Theatre Trust’s Spotlight Musical Theatre Program and are invited to perform at a Showcase Performance at the Orpheum Theatre: Katie Miller and Erica Hoops for Outstanding Performance in a Leading Role, Bryce Bishop and Noah Gilbertson for Honorable Mention Performance in a Leading Role, Sydney Segelstrom, Johnny Miller and Shane McKinley for Honorable Mention Performance in a Supporting Role and Jonah Schmitz for Honorable Mention Performance in a Featured Role.
Phantom received an Honorable Mention for Overall Production and an Outstanding for Over all Performance.