Every four years, Evergreen School District determines a total levy amount to be collected through local property taxes to fund educational programming and operations not funded by the state. Right now, levies make up approximately 15% of our budget.
Levies are a total amount to be collected, not a tax rate. Evergreen School District cannot collect more than the total amount levied.
Example:
Say a school in a town of 100 property owners runs a $100 levy. For the purposes of this example, we will assume all properties are valued the same.
That means each property owner would contribute $1 to the levy. If ten more property owners move in, the school district does not collect more money. Rather, each property owner's tax rate would decrease. The opposite is also true: If ten property owners moved out of this town, then the 90 remaining property owners would see their tax rates increase. The school district still must collect the $100 - nothing more.
When property values increase or decrease, the school district does not receive more or fewer levy dollars. The district still must collect the total amount levied.