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Houston School – Organized and Audited

Houston School – Organized and Audited
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BEA hikes levy by 4.02 percent | News, Sports, Jobs - Faribault County Register

The Blue Earth Area School Board voted to set their proposed tax levy for the next year at $3,438,894 which is a $134,361 (4.07 percent) increase over the previ

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Superintendent: Faribault schools levy increase a product of rising property values

The Faribault School Board approved the final 2021 property tax levy for the district: $10 million. That’s an increase of 15% from the 2020 levy, which was $8.6 million. From 2019 to 2020, the increase was 4%. That means taxpayers will see a spike: the average home in the district, valued at $175,000, will see an increase of approximately $150, or 7.8% on their 2021 property taxes. Superintendent Todd Sesker explained the reason for the tax increase comes down to three main parts. One contributing factor is an increase in property taxes, set by a formula the state created. “As our property values go up, the state saves money because it puts more of those formulas on local taxpayers, and that’s just legislation,” Sesker said. “…We do not receive additional funding; it’s the same dollar amount, just distributed differently.”

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