How Levy Rates are Calculated

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Just a little bit of basic arithmetic can help unite us with a shared understanding of how a Levy Rate is determined. The first thing we need to know is the total assessed market value of all properties within the school district. In our case, it currently totals $591,871,226. 

So if we calculate a rate per every $100,000, then the math would look like $100,000/$591,871,226 = $.000168956, or in other words, $16.90 for every $100,000 levied per $100,000 of assessed property value (After any value exemptions, such as Homeowners exemption.)

So, as an example, a homeowner with a property assessed at $350,000 and a maximum homeowner exemption of $125,000 would pay a levy contribution based on the net assessed value of $225,000 ($350,000 - $125,000).

With the actual levy amount being $450,000, the math in our example would be $.000169 x $450,000 = $76.05, the annual amount levied per $100,000 of assessed value. This means that the remainder of the math in this example is $76.05 x ($225,000/$100,000), or, reduced down, $76.05 x $2.25 = $171.11 would be the annual levied amount for this household. Broken down into 12 months, that is $14.26/month.