2007-2008 Act 1 Exception Statement

The Unionville-Chadds Ford School District intends to seek approval from the Pennsylvania Department of Education, as required by Act 1, for referendum exceptions allowing an increase of the real estate tax, as reflected in the School District’s approved preliminary budget, above the Pennsylvania Department of Education’s published index. The referendum exception application is available for public inspection at the District Administration Office, 740 Unionville Road, Kennett Square, PA or at www.ucfsd.org.

 

Referendum Exception Application

 

General Tax Information

Taxation is a significant part of school finance. Below are the various types of district taxes.

Property Tax

The property tax or real estate tax is a tax that is levied on the land and buildings owned by individuals and businesses. The base for the tax is the assessed value, which is established by the county assessment office. A uniform millage rate (tax rate) is annually established by the Board of School Directors to be levied against the value of each property. One mill is equivalent to $1 of tax for each $1,000 of property. Therefore, a property with an assessment of $100,000 (as established by the county) would pay $100 for each mill. The district’s millage rate multiplied by the total assessed value for properties in the Unionville-Chadds Ford School District produces the potential tax revenue for the district. For individual taxpayers the millage rate multiplied by the assessed value of their property produces the owner’s tax bill.

Interim Real Estate Tax

The interim real estate tax is a tax on “assessed property” that was not included in the original tax mailing of July 1. Interim real estate tax bills are sent out throughout the school year for new construction/remodeling that increased a property’s assessed value but was not included with the original tax mailing. The tax bill could be the result of an addition to a house/business, a swimming pool, a new house that is finished mid-year, etc.