An error made on all La Porte County tax statements will result in a new tax bill for property taxpayers within the John Glenn School Corporation.
John Glenn School Corporation receives property tax money from St. Joseph, Marshall and La Porte Counties. Corporation Treasurer Tom Bendy explained to the John Glenn School Board members Tuesday night that credits were miscalculated in La Porte County. Since John Glenn School Corporation has a small assessed valuation in La Porte County, taxpayers within the corporation are affected.
The change for John Glenn taxpayers will be a .0009 tax rate increase, which Bendy said is a minor impact.
“It’s $473,000 loss in AV [assessed valuation] because of the correction,” stated Bendy. “Our impact on that is just $417 in levy that we lost. Other school corporations like New Prairie and La Porte – it’s significant.”
With the change, Bendy said the new assessed valuation for John Glenn Schools is $503,476,318 with a new tax rate of 1.0468 which is up from 1.0459 which was originally approved in December.
