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Staff outlines millage options; one mill estimated at $173,000 under conservative assumptions
Summary
Finance staff presented millage history, a conservative $173,000 estimate for the value of one mill, and alternatives for levying mills now versus waiting for 2027 reassessment; they showed the board how mills translate to taxpayer impact.
Finance director Mr. Pettit walked trustees through the historical millage and a trend-based method for estimating the value of a single mill. Using a three-year trend methodology, staff calculated one mill at about $173,000 and reminded the board that a 2027 reassessment could change available revenue.
"We used trend data from fiscal years 24 to '26 showing the growth ... it ended up at a 173,000 value of 1 mil," Mr. Pettit said. He also presented examples of how mills translate to household and auto tax impacts (for example, roughly $6 per $100,000 of assessed value per mill on real estate in the cited scenario). Staff noted the board could levy available mills from past high-growth years via a look-back provision, but made no recommendation to maximize levy capacity.
