What Does It Cost?

The technology and safety replacement levy projected tax rate for each of the next four years depends on the final dollar amount of assessed value of property within the school district.

 

Based on current information, the estimated tax rate per $1,000 of assessed valuation would be:

 

  • 2023: 92 cents
  • 2024: 98 cents
  • 2025: 90 cents
  • 2026: 94 cents

 

The above estimated rates represent between a 1 and 18 cent increase per $1,000 of assessed valuation compared to the technology and safety levy approved by voters for 2019-22. While the tax rate associated with the new Technology and Safety Replacement Levy would be slightly higher, the combined estimated district tax rate from all voter-approved levies and bonds would be lower than historical rates.

 

The combined OSD voter-approved tax rate would decrease in each of the four years of the proposed replacement levy when compared with the current tax rate, For example, the 2021 combined tax rate is $4.94 per $1,000 of assessed valuation; the rate in 2023 is estimated at $4.47 per $1,000 of assessed valuation.

 

For a detailed tax rate projection analysis across several years, please view a Tax Rate Projections presentation shared at the November 4, 2021 Olympia School Board meeting. The analysis includes a summary of the amount a homeowner would pay in taxes for this measure. It also provides a detailed historical summary of other voter-approved measures.