Capital levy
What the levy pays for
Ongoing security improvements
Repair to roofs nearing the end of their warranty
Fixes or replacement of aging heating/cooling systems
Create or update spaces for construction trades, culinary and health sciences classes
Updates to aging technology and technology infrastructure
Project list and when the work will begin*
*Dependent on labor and material costs and availability.
Capital levy rate
Past and estimated future rates are:
$0.45 per $1,000 of assessed property value in 2025
$0.45 per $1,000 of assessed property value in 2026 (estimated)
$0.45 per $1,000 of assessed property value in 2027 (estimated)
Actual rates may change.
A $600,000 property that has a 3.5% annual increase in assessed value is estimated to pay the following amounts:
Year | Assessed value | Annual payment for capital levy |
|---|---|---|
2025 | $600,000 | $270 |
2026 | $621,000 | $280 (estimated) |
2027 | $643,000 | $290 (estimated) |
*Estimate may change based on actual tax rate.