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NBC Board Increases Real Estate Taxes by 3.2 Percent

The Northern Bedford County School Board met Tuesday, June 18, with the major item on the agenda passage of the 2019-20 budget.

According to the approved budget, NBC will be enacting a tax increase of 3.2 percent for the upcoming year. The tax levy for the upcoming year is projected to be collected at a 94 percent rate and will be an assessment of no less than $8.5759 per thousand dollars of a property’s assessed value.

This will give the school an anticipated tax revenue of $2,938,826. This amount will be used to cover the school’s deficit of $433,216 for the 2019-20 school year.

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