Financial Information

Taxable property within the District is subject to the assessment, levy, and collection by the District of an annual ad valorem tax, without legal limitation as to rate or amount, sufficient to pay principal of and interest on the Bonds (and any future tax-supported bonds which may be issued from time to time as authorized). Taxes are levied by the District each year against the District's assessed valuation as of January 1 of that year. Taxes become due October 1 of such year, or when billed, and generally become delinquent after January 31 of the following year.

The Board covenants in the Bond Order to assess and levy. for each year that all or any part of the Bonds remain outstanding and unpaid a tax ample and sufficient to produce funds to pay .the principal of and interest on the Bonds. The actual rate of such tax will be determined from year to year as a function of the District's base, its debt service requirements, and its available funds. In addition, the District has the power and authority to assess, levy, and collect ad valorem taxes, in an unlimited amount, for operation and maintenance purposes.

For the 2026 tax year, the District levied a total tax rate of $0.5300 per $100 assessed taxable value, being composed of the following: $0.1475 per $100 of assessed taxable value for debt service on the Outstanding Bonds for the Utility System; $0.280 per $100 of assessed taxable value for debt service on the Outstanding Bonds for the Road System; and $0.1025 per $100 assessed taxable value for maintenance and operations.

Adopted 2026 Tax Rate (per $100 of assessed valuation)-

Total: $0.5300

Maintenance & Operations: $0.1025

Utility Debt Service: $0.1475

Road Debt Service: $0.2800

Adopted 2025 Tax Rate (per $100 of assessed valuation)-

Total: $0.9800

Maintenance & Operations: $0.1000

Utility Debt Service: $0.1500

Road Debt Service: $0.2800

Adopted 2024 Tax Rate (per $100 of assessed valuation)-

Total: $0.6000

Maintenance & Operations: $0.1200

Utility Debt Service: $0.1675

Road Debt Service: $0.3125

Adopted 2023 Tax Rate (per $100 of assessed valuation)-

Total: $0.7300

Maintenance & Operations: $0.1950

Utility Debt Service: $0.2000

Road Debt Service: $0.3350

The District's budgets for the past 2 years can be found below.

You can also visit the Public DocumentsPublic Documents page to view more documents.