The school district’s property tax levy will rise by 9 cents later this month after the Columbia School Board voted to reverse a voluntary levy reduction on Monday.
The board also approved a contract with River City Construction for the new southwest middle school and voted to support a request by Northwest Medical Isotopes for a $5.6 million property tax break on the plant it plans to begin building in southeast Columbia. According to the project schedule, construction will begin later this year and should end in 2020.
The property tax increase approved Monday night will cost the owner of a $200,000 home an extra $34.20 a year. It would boost the district’s total levy from $6.0555 to $6.1455.
The increase will take effect Aug. 23 and will generate an estimated $2.22 million in additional revenue this year.
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