Voter
Approved Physical Plant & Equipment Levy [PPEL]
Physical Plant and Equipment Levy Facts:
· Regular
Physical Plant and Equipment Levy:
o Tax
Rate: $0.33 / thousand dollars of
assessed valuation.
o A
regular PPEL is implemented annually when the budget is certified.
· Voter
Approved Physical Plant & Equipment Levy:
o Tax
Rate: $1.00 / thousand dollars of
assessed valuation.
o The
Voter Approved PPEL can be approved for a max. of 10 years.
o Vote
can be initiated by Board of Education on its own motion, or by a properly
filed petition by eligible electors.
How is the
levy funded?
·
Local property tax [Minimum of $1.00], or
·
A combination of local property tax and an
income surtax. [Instructional Support
Income Surtax and other income surtaxes cannot exceed 20%.]
Purposes of the PPEL Levy:
·
Purchase and improvement of grounds
·
Lease or purchase or technology exceeding $500
per transaction
·
Repairing, remodeling, reconstructing,
improving, or expanding the schoolhouse or buildings
·
Expenditures for energy conversation
·
Rental of facilities
·
Purchase of transportation equipment for the
purpose of transporting students
·
Equipment purchases for recreational purposes
·
Payments of debt services contracted for the
building of schoolhouses or buildings
·
Demolition, clean-up, and other costs incurred
within two years of a natural disaster
AHSTW Use of
PPEL and Voter Approved PPEL Monies:
· Purchase and repair of school buses
and school cars
· Remodeling of HS bathrooms to meet ADA
compliance
· Updating of our kitchen facilities and
freezers
· Updating of the High School Entrance
· Construction Projects: Cement projects at both the HS and Elementary
Entrances.
· Updating of the HVAC system
· One-to-One Initiative [Chromebooks]
· Internet Security Software
· Accounting Software
· Lease of copy machines
· Updated building interior and exterior
[Tuck pointing]
AHSTW Physical Plant and Equipment Levy Facts:
· The
AHSTW CSD CURRENTLY employs both the Regular and Voter Approved PPEL.
· In
the November election, AHSTW will not be requesting a new or increased
levy. We are only asking to extend our current Voter
Approved PPEL for an additional 10-years after expiration in 2021.
Residential Formula for Determining PPEL Costs
·
Tax Rate x (Assessed Valuation x Rollback
[Residential] – Homestead Credit) / $1000 = Tax Payment
·
Tax Rate x (Assessed Valuation x 56.9% - $4,850) /
$1000 = Tax Payment
·
(IF…families have applied the Homestead
Credit, it will be subtracted from the assessed value)
·
(IF…families have not applied for the Homestead
Credit, you should remove credit from the formula.)
The Regular PPEL is currently implemented a rate of $0.33 /
thousand dollars of the assessed value:
·
The Regular PPEL Cost per a $50,000 assessed
valuation would be: $7.78
·
The Regular PPEL Cost per an $75,000 assessed valuation
would be: $12.48
·
The Regular PPEL Cost per a $100,000 assessed
valuation would be: $17.17
·
The Regular PPEL Cost per an $150,000 assessed
valuation would be: $26.56
The Voter Approved PPEL is currently implemented at a rate of
$1.00 / thousand dollars of the assessed value.
·
The Voter Approved PPEL Cost per a $50,000
assessed valuation would be: $23.60
·
The Voter Approved PPEL Cost per an $75,000
assessed valuation would be: $37.82
·
The Voter Approved PPEL Cost per an $100,000
assessed valuation would be: $52.05
·
The Voter Approved PPEL Cost per an $150,000
assessed valuation would be: $80.50
**Above rates are figured with the Homestead Act applied.
**Agricultural tax information is available in future updates and by
contacting me at 712-343-6364.
