Local News

No change expected in Spring Valley Elementary tax rate

District anticipates more revenue from property value growth

The Spring Valley Elementary District will keep its tax rate on property tax bills the same as last year.

As a result, the district expects to receive about $400,000 more in funding, thanks to property value growth within the district.

Superintendent James Hermes said property values are at their highest in history at $79,605,401 — which bests the previous high of $73,000,780 in 2020.

A truth-in-taxation hearing will be conducted at the district’s December board meeting prior to the tax levy being finalized.

The district will abate taxes and cover new bond interest for the upcoming school year using state revenue. Money levied in tax revenue will pay one of the loans in full ($492,175).

Additionally, the family of Dena Strell was in attendance during the Nov. 21 meeting. The family has purchased and planted a tree on the school district’s property to honor Strell, a school board member from 1979-1997. The district purchased a plaque to place on a rock near the tree by the front entrance.

In other items:

  • The board approved the 2022-2023 calendar for next school year. It is posted on the district’s website.
  • The Board approved the addition of fall baseball and softball. A two-year commitment to co-op with Ladd for both activities was approved. Dalzell was contacted about joining as well.
  • The door and door hardware replacement project for the upcoming summer was put out to bid.