The District is funded primarily by local property tax collections, which derive from the 1% countywide property tax levy required by statute. The local property tax is based on both the secured and unsecured portions, which are levied on properties and commercial inventory, respectively. The bulk of the property tax (over 90%) is the secured portion which is based on the assessed property valuations. The District has observed strong assessed valuation growth in the past few years.
The total assessed valuation for 2023-2024 is approximately $7 billion. For the 2022-2023 fiscal year, the total revenue from property taxes has netted the District approximately $14.4 million which is about $9.6 million more than what the District would have received through the LCFF funding formula if the District was State funded. For more information about the State funding model, click here.