- Associated Press - Tuesday, November 24, 2015

SHEFFIELD, Iowa (AP) - West Fork School District officials are planning to cut property tax collections after a review found the northern Iowa district had been collecting too much money.

The Globe Gazette (https://bit.ly/1lHm01J ) reports that a tax levy error caused the district to collect nearly $340,000 too much since 2013 from property taxpayers. Superintendent Darrin Strike said Monday the error stemmed from entering a state default code for the levy while preparing the budget.

The firm Piper Jaffray discovered during an external review that the district’s voter-approved physical plant and equipment levy was assessed at a rate of 33 cents more than allowed. Funds from the levy are used on buildings, technology or transportation equipment.

For the past three years, the levy was incorrectly set to the previous property valuation of $1 per $1,000, rather than 67 cents per $1,000 in assessed valuation that was implemented when Sheffield-Chapin and Meservey-Thornton school districts consolidated with the Rockwell-Swaledale to form the West Fork School District.

The school district will reduce the levy over the next two years to collect about $340,000 less from property taxpayers. According to Strike, the exact levy reduction will not be determined until new property tax evaluations are confirmed.


Information from: Globe Gazette, https://www.globegazette.com/

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