The estimated average annual cost to taxpayers for the proposed levy is $113.91 per $100,000 of taxable assessed value, per year, based on current conditions. The proposed levy replaces an existing levy that expires on June 30, 2026, which currently costs $63.27 per $100,000 of taxable assessed value.
However, with the $10,808,529 provided through the State of Idaho property tax allocation via HB292 the district would actually collect an estimated $5,991,471 per year from local property taxes. If the proposed levy is approved, the tax per $100,000 of taxable assessed value is expected to decrease by $22.64—to $40.63 per $100,000 of taxable assessed value, per year, based on current conditions.
In summary, the overall levy collected would be $5,991,471 with an estimated average annual cost to taxpayers of $40.63 per $100,000 of taxable assessed value, per year, based on current conditions if the levy is approved.