Monroe School District Levy Trends

2006

2007

2008

2009

2010

2011

2012

2012

* -3%** -12.6%
Tax Rates
M&O

$2.39

$1.95

$1.68

$2.16

$2.55

$3.06

$3.36

$3.73

Bonds

$1.25

$1.00

$0.87

$0.95

$1.06

$1.24

$1.45

$1.61

$0.42

$0.48
$0.09

$0.09

$0.10

Capital
Transportation
Tax Rate
Avg Home Value
Levy Amount

$3.64
213,300
8.6

$2.95

$2.55

$3.53

$4.09

$4.39

$4.90

$5.44

259,800 304,100
8.8

297,800

266,300

240,300

233,100

210,000

9.1

12

12.8

13.7

14.6

14.6

Tax
M&O

$509.79

$506.61 $510.89

$643.46

$679.06

$735.32

$783.22

$783.30

Bonds

$266.63

$259.80 $264.57

$283.00

$282.28

$297.97

$338.00

$338.10

$125.12

$127.82
$21.63

$20.98

$21.00

Capital
Transportation
Total Tax

$776.42

$766.41 $775.46 $1,051.58 $1,089.16 $1,054.92 $1,142.20 ######

Average Home Value based on Snohomish County Assessor data

* 2012 Avg Home Value based on District projected -3% devalue
** 2012 Avg Home Value based on Snohomish County Assessor -12.6% devalue

M&O Levy changes since 2006

2006 Average Home Value was $213,300 M&O rate $2.39
2012 Average Home Value will be $210,000 M&O rate $3.73 or 56% increase

Resolution 10-2011 is for $14.8M for 2013/tax rate $3.40 - $15.1M for 2014/tax rate $3.45
Snohomish County Assessor states a 12.6% decrease value not a 3%
District projected tax rates in Resolution 10-2011 are inaccurate
District projected tax rates are based on 3% devalue versus actually 12.6% devalue
District projected tax rate assumes zero property value change for 2013 & 2014

Report submitted by Director Debra Kolrud October 10, 2011