Land is wealth, but more than that it generates tax revenue. To that end, the most recent budget book for the Stanley-Boyd School District details the contribution made by each municipality within …
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Land is wealth, but more than that it generates tax revenue.
To that end, the most recent budget book for the Stanley-Boyd School District details the contribution made by each municipality within the district to school finances for the current 202122 school year. Due in part to each municipality having a different amount of area within the Stanley-Boyd school district, not all values are the same.
Starting at the base of the contribution pyramid for 2021-22 in terms of equalized property values, the City of Stanley comes in with a total equalized property value of 121,680,600. Take this figure and multiply it by the 2021-22 mill rate of 0.00620457 and the total taxes generated by Stanley residents for the school district levy comes out to $754,975.80 or 27.37 percent of the total, rounded up in official district figures to the nearest dollar at $754,976.
But while the rate per $1,000 in equalized property valuation (aka “the mill rate”) stays the same across the board, not all municipalities have the same amount of area within the Stanley- Boyd school district and this is reflected in the numbers each contribute to the final tax levy total.
Starting from the district’s outskirts then is the Town of Butler, located south of Worden and comprising an equalized property value of $280,401 as it pertains to the Stanley-Boyd district. As such, it contributes a total of $1,739 or 0.063082 percent of the total school tax levy. Moving down the pyramid comes Taft, located north of the Town of Thorp and with an equalized property value of $12,057,712 in the Stanley- Boyd district. Take this by the mill rate and Taft contributes $74,813 to the school district levy when tallied. Part of Taft, meanwhile, is in Gilman’s district, meaning that the equalized property value for Taft is north of the approximately stated figure for Stanley-Boyd, the levy balance retained by Gilman’s school district.
Following Taft down the pyramid chain is the Town of Wilson, with an equalized property valuation within the Stanley-Boyd district of $19,457,103 and a corresponding contribution to Stanley-Boyd for this year’s school tax levy of $120,723.
Stationed below Wilson in the Stanley-Boyd tax support pyramid is the Town of Thorp, not to be confused with the City and split between both Stanley-Boyd and Thorp for its school boundaries.
Coming in with and equalized property valuation of $31,755,635 for the Stanley-Boyd half, the Town of Thorp’s contribution when multiplied by the mill rate is $197,030.
Following Thorp is Worden, with a land value in the district of $32,258,429 and a corresponding contribution of $200,150. After Worden, meanwhile, is Boyd, with an equalized land value of $35,488,200 and corresponding contribution to the overall levy of $220,189.
Moving down the pyramid towards its base brings us next to Delmar, with and equalized property valuation of $58,863,808 and a corresponding contribution of $365,225 to the district levy. Coming in under Delmar in the pyramid of support is Edson, with $64,849,182 in equalized property value and a corresponding levy contribution of $420,744. Last but not least and sandwiched between Edson and Stanley as the base is Colburn, with an equalized property valuation of $67,812,034 and levy contribution of $420,744 for the 2021-22 school year.