Waukee Schools Lower Tax Rate for the Second Year
For the second year in a row, Waukee Community School District (WCSD) will lower their school tax levy rate. The Board of Education approved the adoption of the certified budget for fiscal year ending June 30, 2014 for the Waukee Schools on April 8.
The new levy rate for the 2013-14 school year was set at $16.71. This is a $.90 reduction compared to the prior year. Last year, WCSD dropped the rate by $0.19 creating a tax rate of $17.61 for the 2012-13 school year.
School taxes are just one of the three major components that help determine property tax. All surrounding cities that help complete our district boundaries will pay the same $16.71 tax rate. If a homeowner’s property taxes increases, this may be because the assessed value of the home has increased or due to increase in the city and/or county taxes.
The $16.71 school tax levy rate was set at the maximum allowed based on the school funding formula – assuming 4% allowable growth. The House of Representatives and Senate have not reached an agreement on funding for schools. The House is at 2% and Senate is at 4%. If allowable growth for the district is less than 4%, the tax rate will be less than the adopted rate. If an agreement is not reached and signed into law, allowable growth will be 0% – reducing the District levy rate to $16.54.
Allowable growth is vital to all school districts. These funds are used to cover salaries, insurance, utilities and general supply costs. For growing districts, allowable growth is needed to meet the demands of the student population and keep class sizes at a reasonable student-to-teacher ratio.
WCSD Tax Rate History
School District Tax Rate Comparison