like to know

Mount Vernon, KY

#1 Oct 27, 2008
why is the school tax so much?
Native New Yorker

London, KY

#2 Oct 27, 2008
Good question, I would like to know too!
agree

London, KY

#3 Oct 27, 2008
Native New Yorker wrote:
Good question, I would like to know too!
they get over half of the tax money on everthing if you ask me.all utilities have school tax
I found

Cynthiana, KY

#4 Oct 27, 2008
KRS outlines the tax rates
Taxation
The local board of education is described as the “tax-levying authority” in KRS 160.455. KRS 160.460 requires that all school taxes be levied by the board of education of each school district.
As part of the Kentucky Education Reform Act of 1990, KRS 160.470 was amended to require the boards of education to levy a minimum equivalent tax rate of 30 cents per $100 of assessed property valuation. Equivalent tax rate is defined as the rate that results when income collected during the prior year from all taxes levied by the school district is divided by the total assessed value of property and motor vehicles certified by the Revenue Cabinet. School districts can raise this money through any combination of property tax, motor vehicle tax, and three permissive taxes. Additionally, KRS 157.440 was amended to allow school districts to levy above the minimum 30 cents and qualify for additional state funds.
a. Property Taxes
The local board of education is authorized by KRS 160.460 to levy an ad valorem tax (imposed as a percent of value). The following property is subject to an ad valorem tax: real property - all lands within the school district and improvements thereon, including real property of public service corporations; personal property - certain classes of tangible personal property (any equipment or inventory used in the operation of a business), including tangible property of public service corporations; distilled spirits - the fair cash value of distilled spirits stored in bonded warehouses or premises within the school district (KRS 132.140); motor vehicles including boats and airplanes - the fair cash value of motor vehicles owned by residents and corporations in the school district.
The Commissioner of Education certifies the tax rate limits prescribed in KRS 160.470 and 157.440 to the board of education each year after receiving certified property assessment data from the Revenue Cabinet. The following ad valorem tax rates and resulting revenue are certified to the board of education:(See sample tax rate certification in Section III. Budgeting and Financial Accounting)
(1) Compensating Tax Rate
The Compensating Rate is defined in KRS 132.010 as “... that rate which ... applied to the current year's assessment of property ... produces an amount of revenue approximately equal to that produced in the preceding year ...” The Compensating Rate may be levied without hearing or recall.
(2) 4% Increase Tax Rate
“The tax rate which will produce no more revenue ... than four percent (4%) over the amount of revenue produced by the compensating tax rate ...” In order to levy a rate above of the Compensating Rate but within the limits of the 4% Increase Rate, a school district must follow the hearing provisions of Subsection (10) of KRS 160.470.
I found

Cynthiana, KY

#5 Oct 27, 2008
(3) Subsection (1) Tax Rate
Subsection (1) of KRS 160.470 provides that a board of education may not levy a rate which will produce more revenue than the previous year’s maximum rate. In order to levy a rate above the 4% Increase Rate but within the limits of the Subsection (1) Rate, a school district must follow the hearing and recall provisions of Subsection (10) and (11) of KRS 160.470. KRS 157.440(2)(a) provides that a school district may exceed the Subsection (1) Rate only with the approval of a majority of the qualified voters.
(4) Tier I Tax Rate
KRS 157.440(1)(a) provides that “... each school district may levy an equivalent tax rate ... which will produce up to fifteen percent (15%) of those revenues guaranteed by the program to support education excellence in Kentucky.” The rate levied under this subsection is not subject to the public hearing and recall provisions of KRS 160.470.
b. Permissive Taxes
Permissive taxes comprise utility taxes, excise taxes, and occupational taxes. The authority to levy these taxes is found in KRS 160.593. Before a board of education can levy any of these permissive taxes, it must give public notice of its proposed levy and conduct a public hearing to explain the reason for the tax and to hear comments and complaints regarding the proposed levy. The requirements for the notice and hearing are found in KRS 160.603.
Any of the permissive taxes levied by the board of education is subject to petition and recall by the qualified voters in the school district (KRS 160.597).According to KRS 160.635, permissive taxes levied by a board of education remain in effect until the board reduces the rate; however, this statute allows the board to set a date on which the tax expires at the time the tax is first levied.
(1) Utility Tax
KRS 160.613 authorizes a utility gross receipts license tax for schools not to exceed three percent (3%) of the gross receipts derived from the sale of telephonic and telegraphic communications services, electric power, water, and natural, artificial and mixed gas.(Bottled gas companies are exempt.) If the cost of energy or energy producing fuels used in the course of manufacturing, processing, mining or refining exceeds three percent (3%) of the cost of production then the costs of those utilities are exempt from the utility tax. Also, amounts received for utilities that are to be resold are exempt. KRS 160.614 adds the gross receipts derived from the sale of cable television to the class of utilities subject to the utility tax.(Also, see Section XI. Miscellaneous, Procedures for Implementing the Utility Gross Receipts License Tax for Local School Districts.)
I found

Cynthiana, KY

#6 Oct 27, 2008
(2) Occupational Tax
KRS 160.605 authorizes the levy of an occupational license tax for schools on the salaries or wages of individuals for work done in a county and on the net profits of all businesses, professions, or occupations from activities conducted in a county. Exempted from paying an occupational tax for schools are public service companies that pay an ad valorem tax, insurance companies, banks, trust companies, savings and loan associations, and income received by members of the Kentucky National Guard for training. The occupational tax rate cannot exceed one-half of one percent (0.5%) and must be a single uniform rate. Any county with 300,000 or more residents is authorized to levy a rate not to exceed 0.75%(KRS 160.607).
\
(3) Excise Tax
KRS 160.621 authorizes an excise tax for schools not to exceed twenty percent (20%) on a county resident's state individual income tax liability. In other words, the amount of state income tax a school district resident owes would be multiplied by the percent levied to determine the tax amount to be paid to the school system.
The school district may hire someone to collect the excise tax or request that the Revenue Cabinet act as tax collector. When the Revenue Cabinet is requested to be the tax collector, the school district must reimburse the cabinet for its actual cost of collecting the excise tax.
Other Local Revenue
Other local income may come from tuition for summer school programs or from students who attend the district's schools but reside in other school districts; earnings from investments, savings accounts, interest bearing accounts, certificates of deposits, etc.; rental of buildings, land and buses; reimbursement for transporting non-public school pupils; and student fees.
I found

Cynthiana, KY

#7 Oct 27, 2008
This goes first, something happened to tjhe post

Taxation
The local board of education is described as the “tax-levying authority” in KRS 160.455. KRS 160.460 requires that all school taxes be levied by the board of education of each school district.
As part of the Kentucky Education Reform Act of 1990, KRS 160.470 was amended to require the boards of education to levy a minimum equivalent tax rate of 30 cents per $100 of assessed property valuation. Equivalent tax rate is defined as the rate that results when income collected during the prior year from all taxes levied by the school district is divided by the total assessed value of property and motor vehicles certified by the Revenue Cabinet. School districts can raise this money through any combination of property tax, motor vehicle tax, and three permissive taxes. Additionally, KRS 157.440 was amended to allow school districts to levy above the minimum 30 cents and qualify for additional state funds.
a. Property Taxes
The local board of education is authorized by KRS 160.460 to levy an ad valorem tax (imposed as a percent of value). The following property is subject to an ad valorem tax: real property - all lands within the school district and improvements thereon, including real property of public service corporations; personal property - certain classes of tangible personal property (any equipment or inventory used in the operation of a business), including tangible property of public service corporations; distilled spirits - the fair cash value of distilled spirits stored in bonded warehouses or premises within the school district (KRS 132.140); motor vehicles including boats and airplanes - the fair cash value of motor vehicles owned by residents and corporations in the school district.
The Commissioner of Education certifies the tax rate limits prescribed in KRS 160.470 and 157.440 to the board of education each year after receiving certified property assessment data from the Revenue Cabinet. The following ad valorem tax rates and resulting revenue are certified to the board of education:(See sample tax rate certification in Section III. Budgeting and Financial Accounting)
(1) Compensating Tax Rate
thanks

London, KY

#8 Oct 28, 2008
so what it really for is so all the fancy people at the board can keep there job and get paid big money to do nothing while we all pay for it.
crisp

Somerset, KY

#9 Oct 28, 2008
what fancy people at the board? i did not know there was such a thing. wait are you talking about reba's song fancy? there are plenty of those people at the board.
Myra

Manchester, KY

#10 Oct 28, 2008
My daughter goes to a grade school where there a no doors on the bathroom stall, how disgraceful is that. We pay enough phonebill, electric bill taxes then why in they hell can't we get something done. I've contacted the grounds person at the board about 3 times and the principal/site base council at the school and still can't get anything done, Does anyone have any suggestions of who I need to contact next.
help

London, KY

#11 Oct 29, 2008
Myra wrote:
My daughter goes to a grade school where there a no doors on the bathroom stall, how disgraceful is that. We pay enough phonebill, electric bill taxes then why in they hell can't we get something done. I've contacted the grounds person at the board about 3 times and the principal/site base council at the school and still can't get anything done, Does anyone have any suggestions of who I need to contact next.
you could maybe try to contact frankfort if you could get someone to give you a number or just look on the internet maybe you could get a number and get some help for the problem do not go to the board I hear they have there on problems

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