The District > Demographics > The Schoolhouse Fund

Physical Plant & Equipment Levy
The District can, at Board discretion, annually levy on ad valorem tax of $.33 per $1,000 of assessed valuation for certain capital, land costs etc. In addition, upon voter approval, the District can institute a property tax or property tax income surtax that generates $.67 per $1,000 of assessed valuation. The District has historically levied the Board discretionary and voter authorized Physical Plant And Equipment Levy

Debt Service Levy
The debt service levy is an ad valorem tax levied for the payment of bonds and interest and is approved at a special election of the District with minimum of 60% in favor of the proposal. Payment of principal and interest on these School Bonds of the District will be paid from a debt-service levy.