EV News Article 5
This is the fifth article in a series that provides Easton Valley residents and friends with accurate information related to district operations and plans. The articles are in a question-and-answer format to respond to commonly asked questions in our community.
Q: How do current Easton Valley property tax rates compare to past years?
A: From 2003-2013 Preston tax rates ranged from a high of $17.35 to a low of $12.99 resulting in an average tax rate of $15.96 per $1,000 assessed value during this time. East Central ranged from a low of $12.32 to a high of $14.53 per $1,000 of assessed value, or a $13.66 average.
Easton Valley started in 2013-14 and had a tax rate of $12.03. Included in this rate was a $1.00 per $1,000 of assessed value deduction for reorganization incentives through the state. These incentives went away over a three-year time period. The tax rate for Easton Valley was $13.12 in 2014-15, $14.43 in 2015-16, and $15.08 in 2016-17. Easton Valley will have a tax rate of $13.94 per $1,000 for 2017-18.
Q: What were the main contributing factors to the increases in tax rates over the last 4 years?
A: As mentioned above there were reorganization incentives that slowly dissipated over a three year period. Also, Easton Valley’s resident voters approved a $1.34 voted PPEL levy, which neither East Central or Preston previously had. The combination of these two things plus having to levy cash for Open Enrollment Out and Special Education Deficits each year are the three major items that impacted taxes the last 4 years.
Q: Why does Easton Valley have to levy taxes for Open Enrollment and Special Education Deficits?
The State of Iowa allows districts to count Open Enrollment students that were not on the prior fall’s headcount, and request State Supplemental Aid for these students. The same request can be made for the district’s special education deficit. Each of the requests comes with Spending Authority, but there is no cash that is generated. The cash comes in the form of a tax levy. This current year Easton Valley residents are paying $424,041 or $1.84 per $1,000 of assessed value of additional taxes for the Open Enrolled Out and Special Education Deficit requests.