As a result of careful planning, proactive repayment of previous debts to reduce interest costs, and current historically low interest rates, the District can fund both referendum questions (if approved) without increasing the debt portion of the school property tax mill rate over the current level.
School Equalized Tax Mill Rate - Referendum Impact
- The District’s tax mill rate, which is used to calculate the District’s portion of your property taxes, has dropped over the past 10 years.
School Equalized Tax Mill Rate - Historical
- The District’s tax mill rate is one of the lowest in the region and is 15% below the state average of $9.22 for K-12 schools.
School Equalized Tax Mill Rate - Regional Comparison
- The District has not asked the community to consider a referendum since 2003.
- In 2023, the District will make its final payment on the loan from the 2003 referendum. As a result, the debt portion of the school property tax bill will drop.
- The reduction of loan payments minimizes the tax impact of any new spending.