Tax Impact
Because of how the capital projects levy for technology is structured and how taxes are calculated, we have tried to minimize the impact to local homeowners. If the new capital project levy is approved, district homeowners will see a slight increase in their annual property taxes. The owners of a house valued at $150,000 will pay an additional $6 per month or $72 per year for 10 years.
Tax Calculator
Whether you own a residential or industrial property, this calculator will help you estimate the tax impact of the levy.
If you are a renter within district lines, your taxes would not be impacted.
What will homeowners have to pay?
Estimated Residential Property Market Value | Estimated Monthly Tax Impact | Estimated Annual Tax Impact |
---|---|---|
$50,000 | $2 | $18 |
$75,000 | $2 | $28 |
$100,000 | $3 | $38 |
$125,000 | $5 | $55 |
$150,000 | $6 | $72 |
$175,000 | $7 | $88 |
$200,000 | $9 | $105 |
$250,000 | $12 | $139 |
$300,000 | $14 | $172 |
$400,000 | $20 | $239 |
$500,000 | $26 | $306 |
This information was prepared by Ehlers Public Finance Advisors. The amounts in the table are based on school district taxes for the proposed capital project levy or operating referendum only, and do no include tax levies for other purposes. Tax increases shown above are gross increases, not including the impact of the state Homestead Credit Refund (*Circuit Breaker*) program. Owners of homestead property may qualify for a refund, based on their income and total property taxes. This would change the net tax for those property owners.
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