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Property Taxes
Table 165 displays the average general fund levy and management levy by enrollment class
for 2003-2004. Statewide, the average general fund levy was $11.6991 per $1,000 per taxable
valuation. Average rates varied across enrollment categories with the highest average rate in
the 7,500+ enrollment category and the lowest average rate in the 400-599 enrollment
category. All 370 districts levy for the general fund.
There is no restriction on the management levy rate, however the purpose for which proceeds
may be used is restricted. The management levy may be used for paying tort claims, insurance
premiums (except health insurance), unemployment benefits, and the cost of retirement
benefits. In 2003-2004, seven districts began use of the management levy increasing the total
number of districts to 364 (98.4 percent). The average statewide management levy rate was
$0.74827 per $1,000 of taxable valuation in 2003-2004. The three largest enrollment
categories had 100.0 percent participation in the use of the management levy.
Table 165
PROPERTY TAX RATES AND NUMBER OF DISTRICTS LEVYING PROPERTY
TAXES FOR THE GENERAL FUND AND MANAGEMENT FUND FOR THE
2003-2004 YEAR BY ENROLLMENT CATEGORY
General Fund Levy
Management Levy
Number Average Number of Percent of Average
Enrollment of Tax Districts Districts Tax
Category Districts Rate with Levy with Levy Rate