Jamestown Public School 1% Sales Tax to End December, 2014.
One of the most frequently asked questions about the new library is whether it will raise property taxes. The answer is no. The new library will be paid for through a 1/4% county wide sales tax.
Today’s Jamestown Sun article announces the end of the 1% school sales tax and 21 mill property tax. This sales tax and property tax levy, have paid for the $25,000,000 in debt used to construct the new high school and remodel of the middle school.
The result of the school property tax being retired is a reduction of approximately $95 in property taxes for a $100,000 home in the school district according to the Sun article. The retirement of the sales tax will result in a saving of approximately $135 to the average family according to the state tax office.
The new library will add $33.75 a year in sales tax to the average county family. This will pay for the estimated $9,000,000 renovation of Alfred Dickey and construction of the addition.
In 2015 the average Stutsman County family will see a net tax reduction.