[an error occurred while processing this directive] Property taxes support public education, government services 06/30/05
Home > Arrival & Survival Guide >Property taxes support public education, government services             
Web-Posted Jun 30, 2005
Property taxes support public education, government services


ARTICLE TOOLS
E-mail    Print    Forums

FEATURED ADVERTISER



Independent Talk

[an error occurred while processing this directive]


The big three of local government consume the majority of the property taxes levied in the city of Grand Island.

The big three are the public schools, the city of Grand Island and Hall County.

The amount of property taxes paid by a Grand Island homeowner depends upon the budget requests made by these three units of local government, as well as other local governmental subdivisions.

For the 2004-05 fiscal year, the owner of a $100,000 home in Grand Island paid just more than $2,018 in property taxes to support local government.

That homeowner paid:

  • $1,203, or 60 percent of the total, to the Grand Island Public Schools.

  • $250, or 12 percent, to the city of Grand Island.

  • $386, 19 percent, to Hall County.

  • $179, or 9 percent, for all other political subdivisions. Those include Educational Service Unit 10, Central Community College, Central Platte Natural Resources District, Community Redevelopment Authority, Hall County Airport, and Hall County Agricultural Society, which provides money for the annual county fair.

    Each of the nine governmental subdivisions establishes its budget for the coming year, including how many dollars it needs in property taxes.

    The office of Hall County Assessor Jan Pelland calculates the total value of property in the county, and does the same for the school district, the city and each of the other local government units that use property taxes to support their operations.

    The property tax requests for each government unit then is weighed against the total value of property within its boundaries. That establishes an individual property tax rate for that unit of government.

    Those individual tax rates are added up to determine the consolidated tax rate that is levied against an individual home, business or other piece of property.

    For the current fiscal year, the consolidated tax rate within the city of Grand Island is $2.018119 per each hundred dollars of valuation.

    As a result, the owner of a $100,000 home paid almost $2,018.12 in property taxes this year to support local government operations. ($2.018119 times $1,000 equals $2,018.12.)

    Individual tax rates for the 2005-06 budget year will be set this fall. The consolidated rate will be established a short time later.

    		•
    [an error occurred while processing this directive]