Understanding the 251 Bond One Fact at a Time!

Fact #1: What is a Mill Levy?

A mill levy is the property tax used to help fund local schools and other public services.

Here's an easy way to think about it:

• A mill equals $1 of tax for every $1,000 of a property's assessed value—not its market value.

• The amount a homeowner pays depends on the assessed value of their property, not what they could sell it for.

• School bond payments are made through the district's bond and interest mill levy.

Why does it matter?

When a school bond is proposed, people often ask: “How will it affect the mill levy?"

The answer depends on factors such as:

• The cost of the project

• State aid

• The district's current debt

• Property valuations within the district

These factors determine whether the bond and interest mill levy changes and by how much.

Learn Before You Vote

Understanding what a mill levy is can help you make an informed decision about the future of USD 251.

Every question matters. Every vote matters.