Tax Information
A Commitment to Tax Rate Stability:
The ADM Board of Education has demonstrated a commitment to ensuring a stable tax rate for the community. The Board maintained this commitment during and after the construction of building additions in 2014 and 2015, as well as during and after the construction of Meadow View Elementary in 2021. The Board remains committed to a stable tax rate as the district works to meet current and future facility needs.
The chart below provides a 15-year history of ADM’s overall tax rate and demonstrates the Board’s commitment to a stable tax rate.
November 7 Projects to be Assigned to the Debt Service Levy:
The bond for the projects associated with the November 7 vote will be assigned to ADM’s debt service levy. The debt service levy is one part of the total school tax rate, which also includes levies for ADM’s General, PPEL, and Management funds. Each of the levies independently increases or decreases annually, and when combined, form the overall school tax rate.
Debt Service Levy Rate to Remain the Same:
ADM’s debt service levy (the levy that supports capital projects and bond repayment) will continue at the same levy rate that it has been since 2018. The new projects identified in ADM’s 10-year master plan are anticipated to extend the debt payment of the District an additional 11 years (through 2051) from the current final payoff date (2040). The election on November 7 simply allows the district to use the funds generated from this levy to pay the new debt from the projects on the ballot.
November 7, 2023 - ADM Community Schools residents will vote on a $58 million bond issue to complete four projects in the district’s 10-year facility master plan. A "YES" vote of 60% is required for the measure to pass.