Conneaut schools real estate taxes going up

Conneaut School District real estate taxpayers will see a small .50 mill increase in their real estate taxes come the 2014 - 15 school year that begins July 1.

Faced with an increase in retirement costs of over $546,980 and a projection of fund balance decreasing by over $7-million in three years, a majority of the board opted to begin facing the issues and approved that .50 mill tax increase - the first in three years - when the school directors met in monthly voting session last week.

The increase to the average property owner will be less than $15.00 as figures for a property assessed at $30,000 would see a $15.00 increase. The average property assessment in the district is just over $23,000. Property owners with a $100,000 assessment will see their taxes increase $50.00

The last time real estate taxes were raised in the school district was the 2010 - 11 school year.

Read more in this weeks issue.

For additional details about Conneaut schools real estate taxes going up, as well as the headlines noted below, please purchase a Monday, June 23, newspaper at area locations or a digital download of the paper.

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