2016 UTAH TAXES NOW SB 38 and the Property Tax Notice.

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Presentation transcript:

2016 UTAH TAXES NOW SB 38 and the Property Tax Notice

SB 38 School Funding Amendments Establishes a charter school property tax levy Begins in 2017

Current Practice Charter Schools receive a portion of local school district property tax revenue. Calculation based on number of charter students in the local district and local school district per pupil revenues.

Local School District Property Tax State Basic Levy Local School District Levy  Board Local Levy  Capital Local Levy  Voted Local Levy  GO Bond

Tax Rate List

Charter School Local Levy

Calculation Not a TAX INCREASE! A charter school tax levy will be calculated for each school district. (42) The local school district board local levy will be reduced by the charter school local levy. Taxpayers will be able to see the portion of their property taxes allocated to charter schools.