School board raises taxes by 4%
Crittenden County Board of Education on Tuesday night adopted its new tax rate for 2025, opting to take a 4 percent increase in revenue, which raises the rate only fractionally from last year.Still, the increase is the highest the school district could take without being subject to recall. The property tax rate was set at 51.6 cents per $100 of assessed value, up from last year’s 51.4. The personal property tax rate was set at 52.1 cents, up from 51.9 on 2024 tax bills.The school district says the new rates, plus exonerations, will generate about $2.34 million in real property tax revenue, up from $2.33 million a year ago, and $419,000 in personal property levies, up from $417,000 in 2024. The combined increase will mean about $102,000 in new tax revenue for the district.In next week's full edition of The Press, we will break down every new tax rate set by local agencies so you can determine your effective overall rate. Tax bills will be mailed in a few weeks. Copyright 2023 The Crittenden Press
