The market value of the Gardner Edgerton School District has increased, according to a memo from district business director Jeremy McFadden to board members.
Johnson County Appraiser Paul Welcome’s reported the value of real property within the district increased 11.41 percent last year. As the majority of school revenue is raised by property taxes, district officials use appraised market value of the district to determine USD 231’s annual budget.
In his report, McFadden said the assessed valuation used to develop the next budget will be lower – likely 7-8 percent. McFadden said the increased valuation will provide a “favorable opportunity for mill levy relief for USD 231 taxpayers for the 2015-16 district budget.”