Many Mooresville property owners will pay more in taxes starting this summer, though officials hope the additional levy can help a school district avoid teacher layoffs.
The Mooresville Graded School District board on Tuesday approved a five-cent increase to a supplementary property tax for the district. The current tax is 13.5 cents per $100 of assessed value, and is only charged to residents living within the school district's boundaries.
School officials have said that a five-cent tax hike would mean the owner of a home valued at $150,000 would pay about $75 more in taxes.
Superintendent Mark Edwards pitched the tax increase earlier this year as a way to offset state cuts to the district. He originally proposed a four-cent tax hike, though told the Mooresville Tribune recently that some parents and business leaders said they would support a higher increase.
The Mooresville Graded district is one of 20 school systems across the state with taxing authority. But unlike most of the other districts,
Iredell County commissioners won't need to approve the Mooresville increase.
The Mooresville Graded district currently has about 5,500 students at three elementary, two intermediate, one middle and one high school, according to its website.