The Jackson County Library District today repealed its earlier decision to seek the maximum possible tax rate — a move that was applauded by many audience members.
“I too want to commend the board on reconsidering the levy,” said Pat Ashley of Eagle Point.
All five district board members approved a resolution that property owners would pay 52 cents per $1,000 rather than the 60-cent rate approved last month. On a house with a $150,000 valuation, the newly approved lower rate would result in taxes of $78 annually to support the district.
“I am convinced this would work at 52 cents,” said board member Monica Weyhe.
Based on its calculations, the lesser amount would require borrowing almost $900,000 for a short-term loan next year.
The district is starting out in the hole because it has to reimburse Jackson County $2.2 million for operation of the libraries from July 1 to November when property tax revenues are collected.