Waterford School District Operating Levy Renewal (November 2012)
If approved, this proposal authorizes the Waterford School District, which is Oakland County, to renew an 18 mills property tax ($18 per $1,000 of assessed taxable valuation) for 10 years in order to fund the operation of schools. The estimated first year revenue from this tax is $11,900,000.
Text of measure
Language on the ballot:
|“||This proposal will allow the school district to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance and renews millage that will expire with the 2013 tax levy.
Shall the currently authorized millage rate limitation of 18 mills ($18.00 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Waterford School District, Oakland County, Michigan, be renewed for a period of 10 years, 2014 to 2023, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2014 is approximately $11,900,000 (this is a renewal of millage which will expire with the 2013 tax levy)?
- "Oakland County Elections," "Candidate and Proposals List"
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
State of Michigan
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