Medina school district cuts tax rate to lowest level since 2002-03
MEDINA – The Board of Education voted on Tuesday to lop another 1 percent off school taxes for the 2015-16 year.
The Board in April approved a budget that kept the tax levy unchanged at $8,863,394 compared to 2014-15. District residents then supported the $34,802,870 budget in a May public vote.
However, the board on Tuesday noted some cost savings with personnel, giving the district some added flexibility in reducing the tax levy by $88,634 to $8,774,760.
District residents will see the tax rate fall from $23.31 to $23.01 per $1,000 of assessed property.
“This will be the third year in a row the school board has voted to reduce taxes thereby offering some relief to taxpayers,” District Superintendent Jeff Evoy said. “This will be the lowest tax rate for the MCSD since 2002-03.”