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By LeAnn R. Ralph
ELK MOUND — The Elk Mound Area School District is anticipating a total tax levy of $3,233,102 for the 2019-2020 school year.
The local property tax levy is anticipated to be $2,298,102 along with a debt service levy of $925,000, for a total of $3,223,102, said Eric Wright, school district administrator, at the Elk Mound Board of Education’s July 15 meeting.
The mill rate is expected to be $8.26 per $1,000 of property value and is almost the same as last year’s mill rate, he said.
The local property tax levy is based on an estimated property value increase of 7 percent, Wright said.
Last year, the property value increase was 7.2 percent, and the year before that, the increase was 5.4 percent, he said.
Right now, there are three unknowns about the budget and tax levy: the Elk Mound school district’s official enrollment; the equalized value of property in the district; and the official amount of state aid, Wright said.
The numbers for the budget and the tax levy will be certified at the October meeting, he said.
School districts are informed of the official amount of state aid they will receive in the middle of October.
If the school district receives more state aid than anticipated, the local property tax levy will be less, and if the school district receives less state aid than anticipated, the local property tax levy will increase.
The Elk Mound school district’s annual meeting will be held August 26 at 8 p.m. in the district board room.