The Stillwater Area Public School Board meeting on December 3, 2024, highlighted a proposed levy of $66 million for the upcoming year, marking a significant increase of approximately $3.6 million or 5.83%. This proposed change is set against a backdrop of fluctuating property values and state funding formulas that directly impact individual taxpayers.

During the meeting, officials explained how changes in the total value of properties within the district affect tax rates. As the overall property value increases, the tax burden can be spread across a larger base, potentially easing the financial impact on individual homeowners. For instance, a $500,000 home is projected to see its property tax rise from $1,108 in 2024 to an estimated $1,118 in 2025. Similarly, commercial properties are expected to experience a tax increase from $4,351 to $4,621.

The board also discussed the implications of the recently modified homestead market value exclusion, which provides tax relief for properties valued up to $517,000. This adjustment, stemming from the 2023 legislative session, aims to alleviate some of the tax burdens on homeowners.

In addition to tax discussions, the board noted a reduction in transportation costs due to planned efficiencies and route reductions. This is part of a broader strategy to manage the district's budget effectively.

As the meeting concluded, the board opened the floor for public comments, but no attendees stepped forward. The agenda and consent items were subsequently approved without opposition, signaling a smooth continuation of the district's operations as it navigates these financial changes.