Lindbergh passes 2021 blended tax rate, residential rate is lowest allowed by state

Lindbergh passes 2021 blended tax rate, residential rate is lowest allowed by state

By Lucas Irizarry, Staff Reporter

The Lindbergh Board of Education unanimously approved the 2021 blended tax rate at its annual tax rate hearing Sept. 16. 

The Board of Education approved a blended tax rate of $3.8276, a slight decrease of $0.2014 from last year. 

The blended rate is not levied but is used to compare the district to other school districts, and is a combination of the residential, commercial, agricultural and personal property tax rates, and includes a debt service levy of $0.833. 

The decrease in the blended rate is in response to rising assessed property values in the area. 

Joël Cracchiolo, chief financial officer, said the average assessed valuation growth in the district was over 8 percent; the Consumer Price Index increased 1.4. 

Lindbergh’s residential rate is the lowest the state allows and it is one of two districts in the county to offer the rate.

The new rates per $100 assessed valuation are:

• Residential real estate – $2.7500 (decrease of $0.1202)

• Agricultural real estate – $2.8816 (decrease of $0.3149)

• Commercial real estate – $3.3368 (decrease of $0.3981)

• Personal property – $3.6944 (decrease of $0.2152)

• Blended operating rate – $2.9833 

• Debt service – $0.8330 (unchanged)

• Blended total rate and operating debt – $3.8276