The mill levy is the tax rate applied to the assessed value. One mill is one dollar per $1,000 of assessed valuation. Since 1996, the legislature and Governor have reduced the statewide USD levy from 35 mills to 20 mills. The County Clerk computes the mill levies for local taxing authorities by dividing the portion of the taxing authority’s budget that is property tax funded by the taxable assessed value in the taxing authority’s service area.
Revenue from Property Tax Levies
Local taxing authorities do not receive more money by raising property values. Changes in property values do not change the amount of tax dollars needed for local services. A local taxing authority has authority to levy tax on property within its jurisdiction based on the amount of money needed to provide public services. The local taxing authority’s budgets are published, public hearings are completed, and budgets are set in August for each year.
The following is a lost of the most common taxing authorities:
- Improvement districts for sewers, streets, water, etc.
- Local Unified School District
- Statewide Unified School District