School District lowers mill levy to help property owners

by Buckrail June 12, 2020, 10:52 am

While TCSD is unable to reduce the state mandated 25 mills for schools in Wyoming, the Board of Education does have discretion to set the rec district mill levy, and as such, adjusted this rate in an effort to reduce the tax burden on local property owners as much as possible. Photo: Buckrail // Nick Sulzer

JACKSON, Wyo. — The Teton County School District #1 Board of Education trustees voted to slash rec mill levy for the upcoming fiscal year in an effort to help property owners cope with COVID and other economic strife.

During its regular meeting this week, the board approved a significant reduction to the TCSD Recreation District levy from .9 mills in FY20 to .25 mills for FY21. For the district, it will mean approximately $1,289,200 less funding for recreational services for TCSD and community organizations.

While TCSD is unable to reduce the state-mandated 25 mills for schools in Wyoming, the Board of Education does have discretion to set the rec district mill levy, and as such, adjusted this rate in an effort to reduce the tax burden on local property owners as much as possible.

A mill levy is a property tax applied based on assessed value. The rate of the tax is expressed in mills and is equal to one dollar per $1,000 dollars of assessed value.