Tax Impact

The district is choosing to bring the ballot question to the community at this time because of the following factors that will significantly minimize the tax impact on local property owners:

  • The first of two building bonds will be paid off in 2024-2025
  • The tax impact for the first three years of the levy will be $13.25 per month on an average valued home in ISD 192 ($350,000)
  • The district will receive $9 million in revenue for the first three years of the levy ($5 million of the current levy and $4 million from the new levy)
  • The second  of two building bonds will be paid off in 2027-2028
  • The tax impact for the remaining seven years of the levy will be reduced by $14.83 per month in a tax payment, which is about $1.58 less in school property taxes
  • The district will receive $13 million in revenue for the remaining seven years of the levy ($5 million of the current levy and $8 million from the new levy)

Through the “stepped in” approach, the district will receive additional operating levy funds while limiting the tax impact for our residents. School property taxes for district residents with a home valued at $350,000 will increase by about $13.25 per month for the first three years and then be reduced by $14.83 per month for the remaining seven years of the levy, resulting in a lower tax payment of $1.58 per month. Thanks to strong financial planning from the district, we are taking advantage of these upcoming changes to our tax base and finding ways to maximize the impact on our learners and schools while minimizing the tax burden on our community. 
Property Tax Impact Infographic
(click to download PDF)

Estimated Property Tax Impact Chart (click here!) - This chart provides the estimated property tax change on a variety of property types and values if the operating levy is approved on November 7, 2023.