Supplemental Levy
The TFSD is pursuing a $7.2 million levy to support school operations which would replace the current levy that expires July 30, 2025.
The estimated average annual cost to the taxpayer on the proposed $7.2 million levy is a tax of $91 per $100,000 of taxable assessed value, per year, based on current conditions. The proposed levy replaces an existing $5.7 million levy that expires on June 30, 2025, and that currently costs $72 per $100,000 of taxable assessed value. If the proposed levy is approved, the tax per $100,000 of taxable assessed value is expected to increase by $19 per $100,000 of taxable assessed value. The levy will be assessed for two (2) years. The estimated tax impact of the proposed levy equates to $7.58 per month for every $100,000 of taxable property value (after homeowners exemption). This would be an increase of $1.58 per month per $100,000 of taxable value from the current levy rate.
The requested increase is due to increased costs to the District, the end of federal COVID Relief funds, and the loss of state lottery funds historically used to pay for maintenance staff.
