Woodland School District #50 2011 Tax Levy Hearing
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Transcript of Woodland School District #50 2011 Tax Levy Hearing
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