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Poudre School District certifies 54.09-mill levy after finance office explains calculations
Summary
The Poudre School District board on Dec. 9 certified a 54.09-mill levy for tax year 2025 (collectible in 2026) after a presentation by CFO Dave Montoya explaining assessed valuation, statutory levies, voter overrides and tax-impact calculations; the motion passed 7–0.
The Poudre School District Board of Education voted unanimously Tuesday to certify a total mill levy of 54.09 for the 2025 tax year, a step the district takes annually to set property-tax rates that fund schools.
Dave Montoya, the district’s chief finance officer, walked board members through how the levy is calculated: the county-provided assessed valuation, reductions for tax increment financing and abatements, statutorily required levies (including a longstanding 27-mill statutory component) and voter-approved overrides such as the Debt Free Schools Act. Montoya told the board the county finalized the assessed valuation on Nov. 24 and that the deadline to certify the levy to the county is Dec. 15.
Montoya said the district’s calculation used the county’s net taxable assessed valuation of approximately $5.65 billion and that the certified levy is projected to produce roughly $303.7 million in revenue. He described how inflation adjustments apply to some voter-approved overrides (Montoya referenced a 2.3% adjustment used to calculate the Debt Free Schools Act amount).
Board members asked technical questions about the inflation index Montoya used, and he said the figure is drawn from federal and state labor statistics and the consumer-price methodology applied in the state’s school-finance work. Montoya also explained why residential and commercial assessment rates changed under recent state legislation and offered a median-home tax example to show how those pieces interact.
After discussion, a director moved to certify the levy by resolution. Clerk Jill called the roll: Carla Bayes, Connor Duffy, Kevin Havelda, Scott Schoenbauer, Andrew Spain, Jessica Zamora and Caronda Ziegler all voted “Aye.” The motion passed 7–0.
The board’s certification completes a technical step required by statute; Montoya will submit the signed resolution to Larimer County before the statutory deadline.
What happens next: Montoya said he will upload the certified levy to the county’s system by Dec. 15. The certification enables the county to finalize property-tax bills that will be collectible in 2026.
