Passage of Proposition No. 1 would authorize the Vashon Island School District to replace an existing levy that will expire at the end of calendar year 2014. The proposed four-year replacement levy would authorize collection of taxes to provide $3,774,125 in 2015, $3,962,831 in 2016, $4,160,973 in 2017 and $4,343,912 in 2018. The tax levy rate required to produce these levy amounts is estimated to be $1.74 per $1,000 of assessed value to be made in 2014 for 2015 collection, to be made in 2015 for 2016 collection and to be made in 2016 for 2017 collection, and $1.73 per $1,000 of assessed value to be made in 2017 for 2018 collection. The tax rate of approximately $1.74 per $1,000 of assessed value projected for the first year of collection in 2015 would equate to $783 per year (or $65.25 per month) for a $450,000 home.
Taxes collected by this levy will be deposited in the District’s General Fund to support the District’s strategic goals and help pay for necessary educational programs and operations that are not fully funded by the State, including staff salaries, instructional programs, special education, transportation, curriculum, professional development, custodial and minor facility repairs.
Exemptions from taxes may be available to homeowners who are 61 or older, or disabled, and who meet certain income requirements. For more information, call the King County Department of Assessments at 206.296.3920.
For additional questions regarding this measure contact: Donna Donnelly - Assistant to Superintendent 206-463-8534 • ddonnelly@vashonsd.org