MADISON, AL (WAFF) - The unofficial results are in. Madison voters have passed a 12 mil property tax increase to pay for a new elementary and middle school and expand the high school.
The results are in and a new property tax passed by more than 3,000 votes.
The vote is scheduled to be fully approved by the city clerk and council on Sept 17, but Tuesday night’s numbers show the tax passing.
Under the new law, residents with a $100,000 home will see property tax rise $120. The tax will be $240 more for a $200,000 home.
School superintendent Robby Parker says the funding is needed to help the school district keep up with Madison’s continued growth. He says ground will start moving within the month.
The tax revenue will pay for a new elementary school (to be operational by August 2021), a new middle school (to be operational by August 2022) and a 500 seat expansion at both high schools in the coming years. You can read more about those plans here.
Parker said the district will be borrowing money in the near future to begin the process.
Madison realtor Kathy Mann said she has seen unprecedented growth in people moving to Madison. She said when she is selling houses, the quality of Madison City Schools is always a talking point.
“People who are looking for homes in the area, one of the first things they ask is how are the school systems, and Madison has one of the best schools systems in the state," Mann said.
Mann said with better schools, property value should also increase, so if people living in Madison sell their homes they could see a bigger return on their investment.