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Increased valuations result in additional spending by taxing entities in 2008-09 budgets PDF Print E-mail

By Russ Pankonin
The Imperial Republican

    Tax entities in Chase County took advantage of an increase in property valuations to increase their tax requests for the 2008-09 budget year.
    The Imperial Republican compared tax requests for the 2008-09 budget year to the percentage of increase in property valuation set in September, 2008.
    The comparison looked at these taxing entities which represent the largest percentage of tax asking as a whole—Chase County, Chase County Schools, Wauneta-Palisade Schools, City of Imperial and the Village of Wauneta.
    As a whole, certified property valuations in Chase County for 2008 increased an average of 11.13 over the 2007 valuations.
    Four of the five entities increased their tax requests for the current budget nearly equal to or exceeding their percentage increase in valuation.
    For instance, the certified valuation for Chase County increased 11.13 percent.
    Commissioners used that increased valuation to increase tax asking 11.1 percent for the 2008-09 budget year—an increase in taxes of $197,140 over the 2007-08 budget years.
    In the city of Imperial, property valuations increased 6.88 percent but budgeted tax asking increased 10.2 percent—an increase of $67,303 over the prior year’s budget.
    Valuations in Wauneta increased 2.4 percent and the village board there increased tax asking by 2.4 percent—an increase of $1,971.
    The Village of Wauneta is nearly at the maximum it can levy for property taxes.
    A look at the two school districts in the county showed each increased their tax askings for the current budget year. However, the percentage increase fell below the increase in property valuations.
    Chase County Schools saw their valuation increase 11.3 percent overall in 2008 but they only increased their tax asking by 9.2 percent. This still resulted in an increase in taxes of $445,110 over the prior year.
    Wauneta-Palisade Schools saw their district-wide property valuation increase 13.3 percent in 2008. However, their tax request increased 11.9 percent—which resulted in an increase of $195,367 over the prior year.
    Tax requests for the Upper Republican Natural Resources District (URNRD) dropped by 46.7 percent this year from 2007-08 because they did not levy the 10 cents per $100 of valuation from LB 701.
    As a result, tax requests declined by slightly more than $1 million while the issue was being decided by the courts.
    Two weeks ago, the Nebraska Supreme Court ruled the property tax levy in LB 701 was unconstitutional.
    Since the 2006-07 budget year, valuations in the URNRD have increased 13 percent district-wide.
    In comparing the 2006-07 tax askings, when no additional levy was collected, to the 2008-09 tax request, the comparison shows an increase of 13.3 percent over the three budget years.
Where your tax dollar goes
    The following shows a breakdown of where your tax dollar goes in the 2008-09 budget year.
    If you’re a resident of Imperial your tax dollar breaks down this way:
City of Imperial    $ 0.31
Chase County Schools    $ 0.46
Chase County    $ 0.15
Upper Republican NRD    $ 0.04
Mid-Plains CC/ESU #15    $ 0.04
    $ 1.00
    If you’re a rural resident of Imperial your tax dollar breaks down this way:
Chase County    $ 0.22
Chase County Schools    $ 0.66
Upper Republican NRD    $ 0.05
Mid-Plains CC/ESU #15    $ 0.06
Fire Protection    $ 0.01
    $ 1.00
    If you’re a resident of Wauneta your tax dollar breaks down this way:
Village of Wauneta    $ 0.25
Wauneta-Palisade Schools    $ 0.48
Chase County    $ 0.18
Upper Republican NRD    $ 0.04
Mid-Plains CC/ESU #15    $ 0.05
    $ 1.00
    If you’re a rural resident of Wauneta your tax dollar breaks down this way:
Chase County    $ 0.23
Wauneta-Palisade Schools    $ 0.62
Upper Republican NRD    $ 0.05
Mid-Plains CC/ESU #15    $ 0.07
Fire Protection    $ 0.03
    $ 1.00
 

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