What the levy will pay for
Ongoing security improvements
Repair to roofs nearing the end of their warranty
Fixes or replacement of aging heating/cooling systems
Create or update spaces for construction trades, culinary and health sciences classes
Updates to aging technology and technology infrastructure
*Dependent on labor and material costs and availability.
The capital levy rate is estimated to be $0.44 per $1,000 of assessed property value each year.
The capital levy will take the place of a bond that expired at the end of 2023. The expiring bond rate also was $0.44 per $1,000 of assessed property value.
A $500,000 property that has a 5% annual increase in assessed value is estimated to pay the following amounts:
Year | Assessed value | *Est. annual payment for capital levy |
|---|---|---|
2025 | $500,000 | $220 |
2026 | $525,000 | $231 |
2027 | $551,000 | $243 |
*Estimate was calculated in 2023 and may change.
