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REVISED BUDGET (OCTOBER)
REVISED BUDGET (OCTOBER)
Overview
Overview
The property tax levy consists of amounts for the General, Debt Service, Capital Expansion, and Community Service Fund Funds.
The mill rate reflects the total levy divided by the total equalized property value multiplied by $1,000.
The mill rate is calculated as follows: Total Levy / Equalized Value x $1,000
The chart above identifies the historical mill rate and the rate proposed for 2020-21 (blue line). The orange line reflects the mill rate estimate at the time the 2018 operational referendum was approved. The actual mill rate is lower than the original estimate.
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