2024 Bond Questions
- What is "tax rate" and what does it mean for my taxes?
- What is the difference between a bond and a levy?
What is "tax rate" and what does it mean for my taxes?
Tax rates are listed as a dollar amount per $1,000 of assessed property value. Voters approve a total amount for the district to collect, so the tax rate may fluctuate as property values change or as more properties and businesses come to our community.
This video from the NWESD has more details.
What is the difference between a bond and a levy?
What is the difference between a bond and a levy?
A levy is a funding source for school districts generated by local property taxes. Levies bridge the gap between what the state funds as "basic education" and what it costs to operate our school district and provide our students with the programs, staff and learning environments to prepare them for their futures ahead. Levies last one to four years and must be renewed by voters.
A bond provides districts with a larger investment upfront for major construction or maintenance or to buy land, none of which are funded by the state.
Levies require 50%+1 voter approval and bonds require 60% voter approval. Funding from both measures stay in our community to support our students.
Watch this video from NWESD to learn more!