The Indian River School District has lowered its property tax rate for a second year in a row.
For this fiscal year it will go down a penny from $2.69 per $100 of assessed value to $2.68.
The reduction was approved by the Board of Education earlier this month.
It is the result of a retirement of 20-year construction bonds and a decline in interest payments.
In addition, there was a minor capital adjustment due to a carryover of money from last year.
The school district says these offset a slight increase in the tuition rate for special needs students.