The Fayette County Public Schools board is set later this month to approve tax rates for the 2015-16 school year that represent a 2.1-cent increase per $100 of assessed valuation for taxpayers.
As in the past few years, the school board will be asked to approve tax rates on real and personal property that generate a 4 percent increase in revenue.
The most recent rate was 71.9 cents for real estate and personal property and 59.2 cents per $100 for motor vehicles.
On Aug. 24, the board will be asked to approve a rate of 74 cents per $100 for real estate and for personal property. The proposed tax rate for motor vehicles is unchanged.
The increase means the owner of a $100,000 home would pay an additional $21 a year. A public hearing on the proposal is scheduled for Aug. 24, the same day as the vote at the monthly school board meeting.
The $438 million tentative budget for 2015-16 is based on the proposed change, which is expected to result in $193 million in revenue, said Kyna Koch, senior director of administrative services.
"We have three new schools opening in the next two years and more kids," in the school district, Koch said in an interview.