At the regular meeting of the Rowan County School Board on Tuesday, August 15, 2017, the members of the Board voted to lower the current personal and real property tax rate from where it had been set during the previous year. Last year, the School Board set the tax rate at 56.8 cents per $100 value. After the regular Board meeting, the tax rate for the 2017-2018 school year has been lowered to 56.4 cents per $100 value.
“The rate that was set by the School Board represents the Compensating Tax Rate. School Boards across the Commonwealth are permitted to take up to a 4% increase each year. If we had done that, it would have resulted in a tax rate of 58.1 cents per $100 value,” noted Superintendent Marvin Moore. “Instead, we looked at our current finances and how our Board of Education and our staff are working together to use our finances wisely. Lowering the tax rate this year is only possible to due to their fiscal responsibility over the last few years.”
Rick Whelan, Chairman of the Rowan County School Board, stated, “Over the past couple of years, the School Board opted to leave the tax rate flat, keeping it the same. It was also during this time that, through wise money management, we’ve been able to offer raises to the staff. Being able to lower the tax rate is a big deal and one that should make this community proud of how fiscally responsible this district is.”