A levy rate of $1.00 means that for every $1,000 of property value, the owner of the property will have to pay $1.00 in taxes. [...] A levy rate of $1.00 in a district with an average property value of $200,000 will generate $200 per household in levy funding, but a district with a $1.00 levy rate and an average property value of $600,000 will generate $600 per household for the same level of property tax. [...] E.g., If a district with a levy rate of $2.50 generates $1,000 per student in levy revenues, their levy lid is $2.50 because they have passed a levy at the maximum rate allowed under state law. [...] Due to differing property values and the structure of levy and LEA laws, not all districts are able to raise the maximum of $2,603 per student in levy funding, even if they pass their max levy rate of $2.50. [...] The Court did not require the state to make any changes or reforms to the current levy system, only that the state must pay for the full cost of basic education.
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