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Brunswick City Schools. Board of Education December, 2012. Types of tax issues. Regular operating levy Emergency levy Millage incremental levy Dollar incremental levy Replacement levy Combination (dual purpose) School district income tax City/school income tax. Regular Operating Levy. - PowerPoint PPT Presentation
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Types of tax issues
1. Regular operating levy2. Emergency levy3. Millage incremental levy4. Dollar incremental levy5. Replacement levy6. Combination (dual purpose)7. School district income tax8. City/school income tax
Emergency Levy
• Dollar amount is stated• Ballot shows millage rate• Mills are adjusted to the
amount of the levy • School income remains same for life of levy• Voted for 1-10years
Millage Incremental Levy
• Voted for continuing period of time or 1-10 years
• Voters can approve up to 5 different rates over life of levy
Example: 5 mills, additional 2 mills in years 2-3 and an additional mill in years 4-5.
• Voted in dollar amounts or % increases
• Up to 5 different amounts or %’s • Voted for 1-10 years
Example: Tax voted to produce 1 million in year one and an additional 200,000
increment each year in years 2-5.
Dollar Incremental Levy
Replacement Levy
• can replace all or part of expiring levy
• must be for same purpose (operating, perm. improv.)• can raise more dollars even
though millage remains same• requires 2/3 vote of board
Combination Levy
• voters accept/reject package• allowable combinations: operating/perm.improvement
orbond issue/property tax
or bond issue/income tax
School District Income Tax
• can be approved for specified years or continuing• can only be place on ballot 2
times/yr.• issues for 5+ yr. may be repealed• paid by residents, estates and
unincorporated businesses