Deer Lakes School District maintains line on property taxes for 2022-23 school year

There will be no property tax increases in the Deer Lakes School District for the upcoming school year.

The school board gave final approval Tuesday night to a $41.2 million budget that will keep the property tax rate at 22.69 mills. The budget for the school year ending June 30 was $40.7 million.

The average residential assessment in the school district is $107,630. This means the average homeowner will pay about $2,442 in property taxes in 2022-23.

Officials said property taxes had only increased once in the past 10 years.

The homestead and farm exclusion for the coming year will be approximately $252 for the 4,619 approved properties in the school district.

About 70% of the budget is allocated to staff salaries and benefits.

The school district plans to pay down its long-term debt of $60.3 million by $2.4 million and expects to have a fund balance of $1.3 million by the end of the year. school year 2022-2023.

The budget passed by a 7-0 vote with the approval of Board Chairman Louis Buck, along with Jeremy Love, William Lupone Jr., Jonathan Majernik, Kristi Minnick, Larry Neidig and Sam Smallwood. Cristy McCloskey and Traci Stotler were absent.

George Guido is a contributing writer for Tribune-Review.

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