A property owner in our district would pay an estimated total combined tax rate of $1.35 per $1,000 of assessed value.

Over time, as assessed values in our community increase and new homes are built in our district the combined total tax rate may go down.

Bonds are for Building

You may hear the phrase, bonds are for building and levies are for learning. This is because each of these come from separate funds. You cannot use bond dollars to pay for day-to-day school operations.

Levies:

• A levy is a local property tax passed by the voters of a school district. It generates revenue to fund programs and services that the state does not fully cover as part of basic education. Levies help bridge the gap between state funding and the actual costs of operating a school district. Levies can be approved for up to four years.

Bonds:

• Bonds are primarily for building purposes. They require a supermajority (60% approval) to pass. Bonds provide funding for construction, infrastructure and long-term projects.
• Unlike levies, bonds are not used for ongoing operational expenses but rather for capital projects that benefit the school district over an extended period.