EXACTLY HOW MUCH IS THE PROPOSED BOND PACKAGE?
The Board of Trustees called a bond election in the amount of $138,679,000 million to be brought before voters on November 6, 2018.
HOW WILL THE PROPOSED BOND ELECTION AFFECT MY TAXES?
If the bond election is approved, the estimated tax impact of this bond is $0.19 for a total tax rate of $1.39. For an average taxable home value of $107,000, this represents an increase of approximately $12.14 per month.
WHAT IF I AM OVER 65 YEARS OLD? WILL MY TAXES GO UP IF THE BOND IS SUCCESSFUL?
No. If you have applied for and received the age 65 and older exemption on your homestead, by law, your school taxes cannot be raised above their frozen level.
WHAT IF I AM OVER 65 YEARS OLD AND RECEIVE THE "SENIOR CITIZEN EXEMPTION"
AND MY HOME VALUE GOES UP, WILL MY TAXES INCREASE?
The appraised value can change, and the tax rate will change, but the amount of school taxes on your homestead cannot increase. Normal repairs, maintenance and the economic impact of the market cannot increase the amount of taxes you will pay once a tax ceiling is in place on that homestead. Therefore, if this bond election is successful, it will not have an impact on the tax bill for homesteads that are receiving the senior citizen exemption, unless you make improvements to your home.
