Proposed Tax Rate Q and A for Glenwood CSD:
Why is there a proposed tax rate for school district?
The proposed tax rate is an initial estimate based on current fiscal projections and needs. The proposed rate is shared publicly to give the community an opportunity to review and provide feedback before the final rate is determined. It’s important to understand that the proposed tax rate you see is not the final rate, but this is the highest rate that can be given to local taxpayers. This rate can go down after the proposal but it cannot go up.
How does it work?
Local governments, including school districts, must provide this proposed rate ahead of time to meet legal requirements and give taxpayers the chance to understand potential changes. After this proposal is made public, there will be opportunities for public comment and review during the public hearing, before the final tax rate is set by local governing bodies, such as the school board.
What’s Changing in Tax Rates This Year?
We are pleased to announce that tax rates are decreasing this fiscal year. Last year, the tax rates were at $14.50 per $1,000 of taxable valuation. This year the highest they will be is $13.25 per $1,000 of taxable valuation. This would be a $1.25 decrease for every $1000 of taxable evaluation. This decrease is part of an ongoing effort to ensure that our tax structure is fair while still providing necessary support for our students and our schools.
Where does this tax rate put Glenwood compared to other districts in the state?
With this drop, Glenwood is targeting a tax rate that will fall between the 50th and 60th percentile of school districts statewide.
When will the proposed tax rate notice be shared?
March 5, 2025 - The proposed tax rate notice must be completed by 4:00 pm on March 5, 2025. The notice will be submitted to the Mills County Auditor.
When is the public hearing for the proposed tax rate?
March 24, 2025 - The proposed tax public hearing will be held at 5:45 pm on March 24, 2025 at the Glenwood Community School District Central Administration Office, 103 Central Suite 300, Glenwood, Iowa 51534.