Mead School District 354

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If my assessed property value goes up does the school district get more money?

The Enrichment Levy has a renewal rate $1.50 per $1,000 of assessed value. If the assessed value increases the amount collected for the levy could increase if the maximum total levy amount has not yet been reached. However, if the assessed value decreases the amount collected for the levy will go down because the levy rate remains constant at $1.50.
 
Maximum levy amounts for 2019, 2020 & 2021 are:
  • 2019 - $9.5 Million
  • 2020 - $9.9 Million
  • 2021 - $10.5 Million