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SB 38 and the Property Tax Notice

SB 38 and the Property Tax Notice. 2016 Utah Taxes Now. SB 38 School Funding Amendments. Establishes a charter school property tax levy Begins in 2017. Current Practice. Charter Schools receive a portion of local school district property tax revenue.

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SB 38 and the Property Tax Notice

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  1. SB 38 and the Property Tax Notice 2016 Utah Taxes Now

  2. SB 38 School Funding Amendments • Establishes a charter school property tax levy • Begins in 2017

  3. Current Practice • Charter Schools receive a portion of local school district property tax revenue. • Calculation based on number of charter students in the local district and local school district per pupil revenues.

  4. Local School District Property Tax • State Basic Levy • Local School District Levy • Board Local Levy • Capital Local Levy • Voted Local Levy • GO Bond

  5. Tax Rate List

  6. Charter School Local Levy

  7. Calculation • Not a TAX INCREASE! • A charter school tax levy will be calculated for each school district. (42) • The local school district board local levy will be reduced by the charter school local levy. • Taxpayers will be able to see the portion of their property taxes allocated to charter schools.

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