Q: The estimated levy for the three years is $2.36-$2.37, yet the total amount collected increases in each of those years. How does that math work?
When preparing a levy, school districts must estimate the growth expected to see over the course of the levy. With a three-year levy, the district’s business manager and team review growth forecasts and use a conservative estimate to prepare the levy rates and amounts.
Woodland is a growing city. School enrollment is increasing as well.
The Washington State Superintendent of Public Instruction projects year-over-year growth of about 100 students in each of the three years of the proposed levy. The annual increases in the total levy are a historical practice that helps our schools to keep up with increased enrollment and costs.
With the growth in housing, business, and industry the total value of property in the school district increases, spreading the tax burden. Historically, Woodland Public Schools is very conservative with its tax rate estimates and the actual tax rates tend to actually be lower than estimated.
For Example: This year’s tax rate is $2.37. When the community passed the existing levy in 2017, the tax rate was estimated at $2.69. The actual levy rate represents a decrease of $0.32 per $1,000 of assessed value.