2011 mill levy for 2012 collection of property tax revenue december 13, 2011
DESCRIPTION
2011 Mill Levy for 2012 Collection of Property Tax Revenue December 13, 2011. School Taxes on Example Residences. Actual School Residential Assessment Mill Taxes - PowerPoint PPT PresentationTRANSCRIPT
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
2011 Mill Levy for 2012 Collection of Property Tax Revenue
December 13, 2011
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
School Taxes on Example Residences
Actual SchoolResidential Assessment Mill Taxes Value Ratio Levy
Per 1,000 $100,000 x 7.96% x 48.788 = $ 388
Median Douglas County home value:
$345,000 x 7.96% x 48.788 = $1,340 Prior Year ($1,288)
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Assessed Value History in DCSD
3
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
2012 2011 2010 2009 2008 2007 2006 2005
Billions46.681
48.788 47.10346.500
46.50046.500
47.103
46.890
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
History of School Tax Rates
4
Levy Type 2012 2011 2010 2009
School Finance Act 25.440 25.440 25.440 25.440Mill Levy Overrides (1989 (2.013 M), 1997 (9.7 M), 2003 (17.9 M), 2006(5.0 M)) 7.441 6.814 6.864 7.154
Total Operating Mill 32.881 32.254 32.304 32.594
Debt Retirement 15.447 14.246 14.196 13.906
Total District 48.328 46.500 46.500 46.500
Abatements 0.460 0.390 0.181 0.603
Grand Total Mill Levy 48.788 46.890 46.681 47.103
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Debt Service Requirement(2012 – 2016)
5
GO Bond Debt Service 2012 2013 2014 2015 2016 2017 2018
Principal & Interest $69.97 M $70.11 M $69.75 M $67.6 M $56.92M $55.84M $40.77M