A NOTE FROM CHEIF FINANCIAL OFFICER
Over the past three years the district has experienced a decrease in the total levy for the school district. This has come at a time when the values of the properties in the district have experienced substantial growth. In the 2014-15 fiscal year, the equalized tax rate was $11.84 per $1,000 of property value. By the 2023-24 fiscal year, this rate had dropped to $6.85 per $1,000 of value. This is a significant reduction. The Pewaukee School District recognizes the significant contributions of the community to providing a quality education. Maintaining the facilities on one campus is a priority for the community with over 90% of respondents to a recent satisfaction survey. Accomplishing this priority in a cost effective manner is a commitment the district has demonstrated to the taxpayers of the community.
If the $28.5M project is approved by voters, the estimated tax increase for the cost of the project for each $100,000 of fair market property value would be $28 per year ($2.33 per month) for approximately 20 years.