Last Updated: Jan 11, 2018 Views: 82
When voters approve the operations levy, they approve a levy rate that results in a certain amount of revenue for the library district. State law puts a “lid” on levy revenue by limiting increases to about 1 percent a year. To keep levy revenue under the “lid,” the levy rate is adjusted annually by county assessor offices based on whether property values go up or down. Generally, when property values increase across the library district, the levy rate goes down. When property values decrease, the levy rate goes up. For example, the 2018 library levy rate decreased to 38 cents for every $1,000 of assessed property value from the 2017 levy rate of 41.5 cents.