Indian River School District Cuts Property Tax Rate

Jul 3, 2019

Credit melinda shelton / creative commons

The Indian River School District has approved a reduction in the property tax rate for next year.

The new rate will be $3.03 per $100 of assessed property value.

The Salisbury Daily Times reports that the district says this is due to such things as a reduction in debt service and tuition.

The cut follows two failed referendums that would have increased property taxes.

Over the last four years the district and reduced that property tax by a total of 22.7 cents.

There was one increase in last year after a 2017 referendum.