Property Tax Cut
The Indian River School District Board of Education unanimously approved an across-the-board property tax cut in accordance with State House Bill No. 1 on Monday, Oct. 25, 1999.
The credit will be given to all primary residential property owners in the district and be applied against the current expense portion of the school tax assessments. The total amount of the refund is estimated at $592,680, which equates to a reduction of 10.37 cents per every $1,000 of assessed property value.
Under the provisions of House Bill No. 1, the board had the option of offering the tax refund or using the money for education-related expenses and minor capital improvements. A similar rebate was offered to senior citizens in September under legislation passed by the state Senate.
"This was another opportunity for the board of education to thank the residents of the Indian River School District for their support of our educational programs," said IRSD Superintendent Dr. Lois Hobbs. "Again, we hope those residents will support us in future referendum initiatives for new schools and other building renovations."
Residents need not submit documentation to receive the refund. Rebate checks will be automatically mailed by the State of Delaware in early December.
"As with the senior citizen rebate, the board is delighted to offer this tax credit to the hard-working residents of our district," said IRSD Board President Greg Hastings. "This is something every taxpayer in the district will benefit from."
For more information about the property tax reduction, contact Patrick Miller, district director of business and finance, at 302-436-1000.
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