Wyomissing AreaSchool District

Q. What is the total proposed budget for 2014-15?

A. The budget amount is $31,862,737.

Q. What is the increase in taxes?

A. The millage increase is .4358 mills, for a total of 29.4887 mills. The owner of a property assessed at $100,000 would have a tax bill of $2,948.87.

Q. What is the percent increase in taxes?

A. This is a 1.5% increase from 2013-14.

Q. What property tax relief is available?

A. If you filed a homestead application with the county and you were approved, there will be an assessed value reduction that must appear on your tax notice as a homestead exclusion. The real estate tax reduction amount applicable to each approved homestead for 2014-15 is $173.27. Assessment reduction is $5,875.

Q. What have the expenditures been over the last few years?

A. The following chart reflects the actual expenditures over the last ten years. The expenditure amount for 2012-13 is a budgeted amount since the year is not complete and the expenditure amount for 2013-12 is a budgeted amount.

Q. How does the increase in this year’s millage rate compare to prior years?

A. Following is a chart representing 15 years of history that reflects the total millage for the year, what the increase in mills was from the prior year and what that increase amounts to as a percent increase.