What does the project cost?
State aid will pay for about 67 percent of the total construction cost, leaving the local
cost at $31 million, payable over 20 years. The cost to the local taxpayer will be
minimized by two factors: 1) the reduction of large school district debt beginning in
2006-07 and 2) the continued growth and development of property in our district.Including those minimizing factors, the total local cost
to the owner of a home with a taxable assessed value of $100,000 will average about $68
per year for 20 years. Note: The taxable assessed value includes application of all
reductions, and can be found on your school tax bill. [View a sample
tax bill below.]
(Without the minimizing factors, the
taxpayer cost would be more than double the $68 annual cost.)
How to find your
home's taxable assessed value
Find
your last school tax bill and look for the
number pointed out below:
Multiply that
amount by $0.00068 to find your average annual
tax impact for the construction project.
So for
instance, for a home with a taxable assessed
value of $100,000, the tax impact will be $68
per year.
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