By Patricia Bogumil
Editor
The good news for taxpayers in the Union Grove Union High School District is that the approved tax levy for the 2012-13 budget is down $109,627.
Even better is the news that the district’s mil rate will stay the same as last year, at $4.37 per $1,000 assessed value.
The owner of a home valued at $200,000 will again pay $874 for high school district taxes.
The high school district’s proposed 2012-13 budget was approved unanimously Oct. 29 by about 10 electors present at the annual meeting.
The tax levy for 2012-13 totals $5.587 million, down from the $5.696 million in taxes paid under last year’s budget.
Contributing to the drop in taxes being collected is a drop in equalized valuation throughout the high school district, which in turn comes from a drop in property values seen throughout southeast Wisconsin.
Most often, a reduction in equalized valuation results in a higher mil rate to make up the difference, explained Al Mollerskov, the high school district’s superintendent.
But that will not happen in the UGUHS budget crafted for this year.
According to state Department of Revenue records, equalized valuation of both residential and commercial properties have dropped about 4.7 percent for Union Grove; 3.6 percent, Raymond; 2.5 percent, Dover.
Yorkville values are up about 0.9 percent, largely due to commercial properties.
For the last three years, equalized values have dropped throughout the high school district, Mollerskov noted, for a total drop of about $86 million during that time.
The district’s equalized valuation now stands at $1.277 billion, down from the $1.363 billion calculated in 2009-10.
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