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Utah SB 38 Charter School Property Tax Levy 2016 | Tax Funding Amendments

SB 38 in Utah establishes a charter school property tax levy starting in 2017. This amendment ensures fair distribution of local school district property tax revenue to charter schools based on student count and per pupil revenues. The charter school local levy calculation is not a tax increase but rather an adjustment in the district board levy. Taxpayers can now track the portion of their property taxes going to support charter schools.

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Utah SB 38 Charter School Property Tax Levy 2016 | Tax Funding Amendments

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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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