Great Valley Board Adopts $132M Budget Calling For 3.2% Tax Hike

MALVERN, PA Great Valley School Board unanimously approved a $132.9 million budget for the 2023-2024 school year, calling for a 3.25 percent increase in taxes.

The district has 4,510 students and covers Charlestown, East Whiteland and Willistown townships, and the borough of Malvern.

It has four elementary schools, one middle school and one high school.

The average house in the district is assessed at $263,190. The increase in taxes amounts to $197 for the average homeowner.

The median home is assessed at $205,270. The increase in taxes amounts to $154 for the median homeowner. The millage rate is 23.66.

Under the state’s Homestead law, Great Valley receives $1.29 million from the state’s gambling money.

The number of approved homesteads and farmsteads is 8,488. Each taxpayer in the program will receive a $152.13 tax credit from the state.

The district and school board have been working on the budget since November. The budget was approved on June 5.

The budget includes some costs for constructing a new Fifth and Sixth Grade Center on the site of the former district office at 47 Church Road. The new school is scheduled to open in the fall of 2024.

A summary of the budget is available here.