DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.

2011 Mill Levy for 2012 Collection of Property Tax Revenue

December 13, 2011

DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.

School Taxes on Example Residences

Actual SchoolResidential Assessment Mill Taxes Value Ratio Levy

Per 1,000 $100,000 x 7.96% x 48.788 = $ 388

Median Douglas County home value:

$345,000 x 7.96% x 48.788 = $1,340 Prior Year ($1,288)

DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.

Assessed Value History in DCSD

3

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

$4.5

$5.0

2012 2011 2010 2009 2008 2007 2006 2005

Billions46.681

48.788 47.10346.500

46.50046.500

47.103

46.890

DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.

History of School Tax Rates

4

Levy Type 2012 2011 2010 2009

School Finance Act 25.440 25.440 25.440 25.440Mill Levy Overrides (1989 (2.013 M), 1997 (9.7 M), 2003 (17.9 M), 2006(5.0 M)) 7.441 6.814 6.864 7.154

Total Operating Mill 32.881 32.254 32.304 32.594

Debt Retirement 15.447 14.246 14.196 13.906

Total District 48.328 46.500 46.500 46.500

Abatements 0.460 0.390 0.181 0.603

Grand Total Mill Levy 48.788 46.890 46.681 47.103

DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.

Debt Service Requirement(2012 – 2016)

5

GO Bond Debt Service 2012 2013 2014 2015 2016 2017 2018

Principal & Interest $69.97 M $70.11 M $69.75 M $67.6 M $56.92M $55.84M $40.77M