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After lower rates since 2016-17, school board to consider small mill levy increase to prepare for inflation
Maize school board members on Sept. 12 will consider a slight increase of up to 1.331 mills to the district's mill levy for the 2022-23 school year. Maize USD 266's mill levy has remained under 60 mills for years and has seen four slight decreases since the 2016-17 school year. However, the district is reviewing potential steps to avoid a deficit and be prepared to face continued rising costs due to inflation in the upcoming school year.
The increase would take the mill levy just 2 percent above the 2021-22 mill levy but less than 1 percent above where the mill levy was during the 2016-17 school year. The 1.331 mill levy increase would equal approximately $3.46 a month for the average $250,000 home in the Maize school district.
A mill levy is tax applied to a property based on its assessed value. To learn more about property taxes and assessed values, please click here to watch a video from the Sedgwick County Appraiser's Office.
During the Aug. 8 budget hearing presentation, school board members received an update from Chief Financial Officer Matt Morford. The presentation is available to view by clicking here. Find additional information about Maize USD 266 school finance, including budget information and accountability and financial reports, by clicking here.