Property Tax Impact
Estimated property tax impact on every $1,000 of assessed property value:
$0.68 to $0.80
The portion of the tax levy that the operational referendum represents is based, in part, on property values. In 2019-20, the $500,000 referendum to exceed the revenue limit cost taxpayers $0.68 per $1,000 of property values. In 2011-12, the same $500,000 represented $0.80 of the mill rate.
Estimated tax impact on a $100,000
home:
$68 to $80
See explanation above.
Additional information or context on the
tax impact:
Because our district receives state aid for every local dollar spent, our taxpayers do not feel the full effect of the $500,000 operational levy. As the local taxpayers commit to higher local spending, the state increases its equalization aid and lowers the local tax levy that is within the revenue limit. This means that our increased operational levy of $500,000 is more like a levy of $351,000.