Taxes explained for BGCS residents ...Middle East

The question of Bowling Green City Schools voters is, how much will the levy for a new high school cost me? The answer is different for each individual based on your property, said BGCS Superintendent Ted Haselman at Tuesday’ school board meeting. The primary misconception, however, is how the county’s revaluation is going to affect how much taxpayers pay, he said. “Taxes do not increase in direct proportion with an increase in property value,” he said. House Bill 920, which has been around since 1976, states that if inflation has caused the value of the property to increase, the auditor cuts the school tax rate so schools do not receive more money. It protects property owners from inflation

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Taxes explained for BGCS residents ...Middle East

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