Schools
Valley View School Board Approves 2012 Tax Levy
Valley View officials said they expect the district to be granted a levy extension of $152.7 million, or 3.9 percent more than 2011's extension.
Valley View School District 365U board members approved its 2012 tax levy Monday night.
The levy request seeks just more than $153 million in property taxes, which make up about 70 percent of the district’s revenues. The amount represents a 4.21 percent increase over last year’s extension of $147 million.
Assistant Superintendent for Admistrative Services Gary Grizaffi said during the meeting he expects the district to be granted an extension of $152.7 million, of a 3.9 percent increase.
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The district will have until April 1, 2013, to make adjustments.
According to Grizaffi, the requested levy amount will likely be higher than the actual levy. That’s because this year’s equalized assessed valuation (EAV) of all properties within the district and new property values are still unknown.
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By approving the levy, the district will be able to request the maximum amount of property tax dollars allowable under tax cap laws.
If the final extension approved is in excess of the amount of funding actually needed, the board has until the spring to abate the excess taxes.
To view this year's 2012 levy, click here.
Editor's note: Patch editor Shannon Antinori contributed to this report.
Chart is from Valley View School District 365U.
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