The proposed $1,135 per pupil does not mean that your taxes will go up by $1,135! What does it mean?
2011 Market Value Pay 2011 Pay 2012 (Yearly) Difference
50,000 66.63 152.56 85.93
75,000 99.95 228.84 128.89
100,000 133.27 305.12 171.85
150,000 199.90 457.68 257.78
200,000 266.54 610.24 343.70
300,000 399.80 915.36 515.55
500,000 666.34 1,525.59 859.25
Taxes are based on taxable market value, not estimated market value. They are applicable to residential, homesteads, apartments, and commercial-industrial properties. Farms are only taxed on the home, garage, and one acre.
So, if the taxable market value of your home is $100,000, your taxes would go up $171.85 next year.
Of the $435 increase, local tax payers will only pay approximately 50%! The other 50% is payed by the state. If the referendum does not pass, we will lose out on that state money!
If you have any questions about the referendum please contact a school board member! This funding is crucial to the continued success of our school!
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