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Adams 12 board certifies 2025-26 mill levy and previews homeowner impact
Summary
The Adams 12 Five Star Schools Board adopted the fiscal year 2025–26 mill levy certification Dec. 1, approving preliminary rates and staff estimates of revenue and household impacts; final assessed values will be posted after county submissions.
The Adams 12 Five Star Schools Board of Education voted Dec. 1 to adopt the fiscal year 2025–26 Mill Levy Certification Resolution, approving preliminary mill rates and directing staff to finalize the certification once county assessed values are released.
Board members heard a detailed presentation from district finance staff explaining legal deadlines, the district’s statutory 27 total-program mills, the estimated voter-approved override mills (about 24.429) and how the new override and assessment-rate changes affect projected revenue. Finance staff presented an illustrative homeowner impact: "if you had a $500,000 home, you're looking at an annual increase of $631," the presenter said.
Why it matters: the certification determines the property-tax rates applied to local assessed value, feeding the district’s revenue plan for 2026 budgeting. Staff cautioned numbers were preliminary, noting counties must submit final assessed valuations by Dec. 10 and the board has until Dec. 15 to certify. Officials said final figures could change some estimates and that staff would distribute updated numbers by email if adjustments are needed.
Board discussion covered mechanics of the new School Finance Act phase‑in, TABOR/Gallagher-related changes to assessment rates, and how the district’s recently passed mill-override shifts per‑pupil comparisons among peers. Finance staff explained that the district’s bond redemption mill is being held steady and that abatements (revenue adjustments from prior disputes) can vary year to year.
The board moved to adopt the Mill Levy Certification Resolution as presented; the motion was seconded and approved by roll call. Staff said an amended budget incorporating the mill-override revenue will be presented at the January board meeting.
Next steps: staff will replace the preliminary figures with county final values when available and notify board members of any material changes before final submission to county assessors.
