Proposed Levy Rate
If passed, proposed measure 20-327 would renew the levy at the same rate of $1.40 per $1,000 of assessed value for five years beginning in July 2023. The proposed levy would be a renewal of the current levy and reflects estimated costs of materials, services, and personnel through the five-year period.
The proposed levy is based upon assessed value, not market value. Based on an average assessed home value of $170,000, it would cost an average homeowner approximately $238 per year, or about $19.83 per month, in estimated taxes. If passed, the proposed rate would raise approximately $7,008,717 in 2023/24, $7,231,429 in 2024/25, $7,460,822 in 2025/26, $7,697,097 in 2026/27, and $7,940,459 in 2027/28, for a total of $37,338,524.
If the proposed levy does not pass, Springfield jail operations, police services, and municipal court operations would not be provided as proposed, and the current tax of $1.40 per $1,000 of assessed value would expire in June 2023.