Capital levy

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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

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Project list and when the work will begin*

*Dependent on labor and material costs and availability.

Estimated capital levy rate

In 2023, the capital levy rate was estimated to be $0.44 per $1,000 of assessed property value each year when it began in 2025. That estimate was adjusted in 2025:

  • $0.46 per $1,000 of assessed property value in 2025

  • $0.47 per $1,000 of assessed property value in 2026

  • $0.48 per $1,000 of assessed property value in 2027

  • 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

  *Est. annual payment for capital levy

2025

  $600,000

  $276

2026

  $621,000

  $292

2027

  $643,000

  $309

*Estimate may change based on actual tax rate.

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