A tax levy of 20¼ cents per $1,000 of assessed value is used by a community college to pay for its operation. The board of directors may also levy an addition 20¼ cents per $1,000 of assessed value for a maximum of ten years for a specific purpose if approved by voters within the school's district during the school election. This levy can be used for the following purposes:
- Acquisition of Libraries
- Building Construction
- Payment of Utilitie
- Purchase of Buildings
- Purchase of Equipment for Buildings
- Purchasing Grounds
Taxes collected from this levy can only be used for the purpose for which it was approved by the voters.
Equipment Replacement Levy
A Community College Board of Directors can also levy up to an additional 3 cents per $1,000 of assessed value for equipment replacement. This rate may exceed the 3 cent limit if it is used for program sharing between community colleges or for the purchase of instructional equipment. This additional amount cannot cause the entire levy to exceed 9 cents, however.