Recent changes in Washington state’s funding model for K-12 education have created a multimillion-dollar deficit for VPS. The district took steps to address the deficit for the 2019-2020 school year and preserve services to students. However, it also will face another multimillion-dollar deficit for the 2020-2021 school year and beyond, absent new funding, and is asking voters to consider a supplemental levy to support current levels of programs and services.
Voters approve collection amounts for school levies. Tax rates are how much each property owner would pay per assessed $1,000. The actual rate may be different due to changes in state funding, property assessments and area growth; however, VPS can’t collect more than the amount that voters approved.
The estimated rates per thousand are:
43 cents in 2021
41 cents in 2022
40 cents in 2023
To determine the amount for your property, divide the total assessment by 1,000 and multiply it by the rates above.
If the supplemental levy were approved, a home assessed at $350,000 would pay $150 for the first year.
Under certain conditions, people with disabilities and citizens 61 years of age or older are eligible for a tax exemption. Consideration is given to income, ownership of the taxable residence and other factors. For more information and to apply for an exemption, contact the Clark County Assessor’s Office (external link).
The estimated 2020 rate for all VPS levies and bonds is $3.36 per assessed $1,000.
If voters approve the supplemental levy, property owners would pay $3.63 per assessed $1,000 in levies and bonds for VPS in 2021. This does not include state school-related taxes. The rate for both local and state school-related taxes is estimated to be $6.45 in 2021.
in VPS levies and bonds in 2021, if supplemental levy approved