MPSD Tax Rate to Decrease

MPSD Tax Rate to Decrease
Posted on 10/28/2020
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The property tax rate for the Manitowoc Public School District will decrease for the sixth consecutive year, under a 2020-21 budget approved Tuesday by the Board of Education.  


Increased state aid, up nearly $1 million, and rising property values, up 4.62%, helped drive the tax levy rate reduction. MPSD’s tax levy rate ranks among the lowest in Manitowoc County and in the bottom 11% of all K12 school districts statewide.


The 2020-21 budget approved Tuesday represents the final year of a three-year operating referendum voters approved in April 2018 to exceed the annual revenue limit by $3.5 million. Since that referendum approval, MPSD’s school tax rate has decreased from $8.04 per $1,000 of equalized home value in 2018-2019 to $7.81 per $1,000 in 2020-21. 


“We are proud to be strong stewards of taxpayer funds,” Superintendent Mark Holzman said. “We once again thank voters for trusting in us in 2018. That trust has allowed us to maintain our excellent K12 programs for the past three years while adding new expenses related to school safety and most recently, COVID-19 mitigation measures.”


The global pandemic resulted in lower enrollment in the district’s official third Friday count in September, with students in 4K and 5-year-old kindergarten the largest loss as the district started the school year with blended and distance learning models. That enrollment drop could lower MPSD’s state aid in the 2021-2022 budget. Education leaders are urging state legislators to lessen the financial impact of enrollment drops that are widespread statewide.


With final budgetary figures recently released from the state, the MPSD Board approved a $81 million budget for 2020-2021 and set the tax levy at $21,055,820. That results in a local tax school tax rate of $7.810 per $1,000 of equalized value, down less than 1 percent from $7.817 per $1,000. Seventy-two cents of that tax rate goes to private school voucher aid, which rose 28%. Aid to private school vouchers adds $1.97 million to MPSD’s $21 million levy, up from $1,543,738 in 2019.


Manitowoc’s state equalization aid increased by 2.92% or $997,147 to $35,131,765. The school district’s equalized value grew by 4.62%.


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