Woodland School District #502011 Tax Levy Hearing

Levy Process•Levy Certified for Publication: October

25, 2011 (20 days or more prior to action)•Truth in Taxation Notice Published (7 to

14 days prior to action) November 10, 2011

November 22, 2011 Board Meeting•Tax Levy Hearing•Levy Adoption•Filing Deadline: Tuesday December 27,

2011 •April 1 2012 – Levy Estimate Confirmed

Tax Levy Estimate

Based on the following variables…• EAV – Equalized Assessed Value (33% of Market

Value)• CPI – Consumer Price Index 1.5%• New Construction (Growth $4.8 million)

(PTELL - Property Tax Extension Levy Limitation)• Limiting Rate Calculation – Determines increase

allowable under the tax cap

Equalized Assessed Value$1,711,082,135 Estimate for 2011 Levy $4.8 million New Construction / Property Estimated

Consumer Price Index1.5% for 2011 Levy

Property Tax Extension Levy Limitation

“Determines the tax rate that can be extended”

2011 Truth in Taxation NoticePublished to Capture Unknown New Construction / EAV

Area Elementary 2010 Tax Rate ComparablesWoodland is Average (5 below – 5 above)

Questions