May 5, 2025 (Island Packet) –
Vacation and rental homeowners can expect a bump in their property taxes if a proposed school board budget is approved.
The
The district proposes a 5% budget increase, raising the overall budget to nearly
The proposal would change the current rate, which is operating until
A second-home hot spot
School board officials claim the large bump would have an impact, but a small one, on the average tax payer in
But since state law exempts primary home owners from school operations tax, vacation home and rental owners would be hit the hardest with a 3.5% property tax increase.
The
The area came in at number 10 for locations where people are buying second homes compared to 400 metro areas the company analyzed. In 2023, about 41% of approved mortgages were for secondary homes compared to 28% the year prior.
There are currently over 6,500 short term rental properties on
Competitive teacher salaries
On
Employee compensation bumps would account for nearly 80% of that increase, Crosby said.
The reason for this is that over the past few years,
The plan is to raise starting and early-career teachers to a base pay of just over
The proposed budget would also add in a 29 and 30th steps in teacher pay, which gives later career teachers the chance to get paid more in the final years of their career.
If the proposed budget is approved, the starting salary for public school teachers in
How will this affect homeowners?
About two-thirds of the school district’s budget is accounted for by local taxes.
To get to the district’s proposed budget, there would need to be an increase to the local millage rate on secondary and rental properties, along with cars, from 121.8 to 126.1, or a 3.5% increase.
This would only apply to secondary home owners at about
Local property taxes are based on a millage rate, which is the amount you pay per
The overall goal for the district is to attract and retain teachers at a time of nationwide shortage. Academic programs, like expansions to dual enrollment and Artificial Intelligence program, along with expanding safety measures, like mental health services and crisis prevention, are also on the district’s wish list for their proposed budget bump.
The county’s budget calendar says that the finance committee will review BCSD’s budget on
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