Tax Break in Indian River School District - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Tax Break in Indian River School District

Posted: Updated:
 SELBYVILLE, Del.- Residents of the Indian River School District in Sussex County are getting a tax break.

The Indian River Board of Education voted Tuesday night to reduce the school district's property tax by 5 cents. The tax rate for the fiscal year 2015 has gone from $2.743 to $2.693 per $100 of assessed value, officials said.

Officials said that for residents to calculate their school taxes, they can divide their property assessment by 100 and multiply it by the tax rate of $2.693.

The majority of the tax decrease came from a reduction in the debt service portion of the tax rate, officials said.

Officials said that in 2013 the district was required to sell bonds to finance a series of building expansion projects. Those costs were offset by the retirement of bonds from construction projects in 1994-1995.
  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Chincoteague Oldest Saltwater Cowboy Dies at 78

    Chincoteague Oldest Saltwter Cowboy Dies at 78

    11/18/2017 19:22:00 -05:002017-11-19 00:22:00 GMT
    Saturday, November 18 2017 10:25 PM EST2017-11-19 03:25:46 GMT
    Wesley Bloxom was Delmarva's famous Saltwater Cowboy. He was a father, a brother, Chincoteague volunteer firefighter. His younger brother, Paul Bloxom, explains how much he meant. Bloxom died earlier this week after battling cancer.More
    Wesley Bloxom was Delmarva's famous Saltwater Cowboy. He was a father, a brother, Chincoteague volunteer firefighter. His younger brother, Paul Bloxom, explains how much he meant. Bloxom died earlier this week after battling cancer.More
  • Deadly Hit and Run Collision Prompts Investigation

    Deadly Hit and Run Collision Prompts Investigation

    11/18/2017 21:59:00 -05:002017-11-19 02:59:00 GMT
    Saturday, November 18 2017 9:59 PM EST2017-11-19 02:59:14 GMT
    ELLENDALE, Del. - Police are investigating a deadly hit and run crash involving a pedestrian Thursday night.More
    ELLENDALE, Del. - Police are investigating a deadly hit and run crash involving a pedestrian Thursday night.More
  • Rehoboth Beach Raises Rental Tax

    Rehoboth Beach Raises Rental Tax

    11/18/2017 16:21:00 -05:002017-11-18 21:21:00 GMT
    Saturday, November 18 2017 4:21 PM EST2017-11-18 21:21:59 GMT
    Rehoboth Beach, DelawareRehoboth Beach, Delaware
    Rehoboth Beach De. (AP) - A popular Delaware beach town has voted to double its tax on residential rentals.The City of Rehoboth Beach announced Saturday that its commissioners approved an increase on the rental tax from 3 to 6 percent.The tax applieMore
    Rehoboth Beach De. (AP) - A popular Delaware beach town has voted to double its tax on residential rentals.The City of Rehoboth Beach announced Saturday that its commissioners approved an increase on the rental tax from 3 to 6 percent.The tax applieMore
  • Most Popular StoriesMost Popular StoriesMore>>

  • Deadly Hit and Run Collision Prompts Investigation

    Deadly Hit and Run Collision Prompts Investigation

    11/18/2017 21:59:00 -05:002017-11-19 02:59:00 GMT
    Saturday, November 18 2017 9:59 PM EST2017-11-19 02:59:14 GMT
    ELLENDALE, Del. - Police are investigating a deadly hit and run crash involving a pedestrian Thursday night.More
    ELLENDALE, Del. - Police are investigating a deadly hit and run crash involving a pedestrian Thursday night.More
  • Chincoteague Oldest Saltwater Cowboy Dies at 78

    Chincoteague Oldest Saltwter Cowboy Dies at 78

    11/18/2017 19:22:00 -05:002017-11-19 00:22:00 GMT
    Saturday, November 18 2017 10:25 PM EST2017-11-19 03:25:46 GMT
    Wesley Bloxom was Delmarva's famous Saltwater Cowboy. He was a father, a brother, Chincoteague volunteer firefighter. His younger brother, Paul Bloxom, explains how much he meant. Bloxom died earlier this week after battling cancer.More
    Wesley Bloxom was Delmarva's famous Saltwater Cowboy. He was a father, a brother, Chincoteague volunteer firefighter. His younger brother, Paul Bloxom, explains how much he meant. Bloxom died earlier this week after battling cancer.More
  • Parkside High School Teacher Back Behind Bars

    Parkside High School Teacher Back Behind Bars

    11/17/2017 17:29:00 -05:002017-11-17 22:29:00 GMT
    Friday, November 17 2017 5:29 PM EST2017-11-17 22:29:39 GMT
    Monica W. SneeMonica W. Snee
    The Wicomico County Sheriff's Office says the Parkside High School teacher arrested earlier this week in connection to a drug investigation is back behind bars.More
    The Wicomico County Sheriff's Office says the Parkside High School teacher arrested earlier this week in connection to a drug investigation is back behind bars.More
  • Most Popular VideosMost Popular VideosMore>>

  • Chincoteague's Oldest Saltwater Cowboy Dies at 78

    Chincoteague's Oldest Saltwater Cowboy Dies at 78

    Many today mourned the loss of the oldest Chincoteague Saltwater Cowboy. Wesley Bloxom was best known for his passion and involvement in the Chincoteague Pony Swim, one of Delmarva's biggest events. Today, his life was celebrated. Caroline Coles reports.

    More

    Many today mourned the loss of the oldest Chincoteague Saltwater Cowboy. Wesley Bloxom was best known for his passion and involvement in the Chincoteague Pony Swim, one of Delmarva's biggest events. Today, his life was celebrated. Caroline Coles reports.

    More
  • State Police Investigating Serious Crash in Ellendale

    State Police Investigating Serious Crash in Ellendale

    Delaware State Police are investigating a serious crash Friday between a car and a pick-up truck at the intersection of Hummingbird Road and Holly Tree Road in Ellendale.

    More

    Delaware State Police are investigating a serious crash Friday between a car and a pick-up truck at the intersection of Hummingbird Road and Holly Tree Road in Ellendale.

    More
  • Parkside High School Teacher Back Behind Bars

    Parkside High School Teacher Back Behind Bars

    The Wicomico County Sheriff's Office says the Parkside High School teacher arrested earlier this week in connection to a drug investigation is back behind bars. Monica Snee, 51, of Salisbury was released from prison after posting $50,000 bond. A district court judge revoked the bond and issued a bench warrant today. As a result, deputies located and arrested Snee in the area of Westbrook Drive in Salisbury.

    More

    The Wicomico County Sheriff's Office says the Parkside High School teacher arrested earlier this week in connection to a drug investigation is back behind bars. Monica Snee, 51, of Salisbury was released from prison after posting $50,000 bond. A district court judge revoked the bond and issued a bench warrant today. As a result, deputies located and arrested Snee in the area of Westbrook Drive in Salisbury.

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices