Copy of Hamilton School District Referendum 2017.xlsx
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Property Value
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$490,000.00 $330,000.00 \\
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You can find your fair market value on your December 2017 property tax bill. Fair market value is also known as equalized property value, which equally distributes state, county and local taxes among all taxpayers in the school district.
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Question #1:
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Build a new intermediate school for students in grades 5 & 6,update and expand Hamilton Applied Engineering & Technology facilities and equipment, and add classrooms at Hamilton High School. (Mill rate increase of 98 cents per $1,000 of property value.)
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Estimated annual property tax increase:$400.00
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Estimated monthly property tax increase: $33.33
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Question #2:
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Operational costs of new intermediate school including bussing, utilities, maintenance and cleaning staff, insurance, administrative costs, paraprofessionals, guidance counselor, office staff, health room attendance, social worker, psychologist and other expenses to open and operate a new school. (Mill rate increase of 39 cents per $1,000 of property value.)
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Estimated annual property tax increase: $191.10
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Estimated monthly property tax increase:$15.93
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Combined question #1 and #2:
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Estimated maximum property tax increase beginning December 2018
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Estimated annual property tax increase:$591.10 1636.46
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Estimated monthly property tax increase:$49.26 36.12%
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Preliminary tax impact estimates for debt are based on interest rate projection of 4.25% for a 21-year amortization (phased borrowing)
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Assumes state aid reimbursement at the 17-18 October Certification of -20.81%17.40%
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Q#1 tax rate shown as an increase over the current tax rate for referendum approved debt payments
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Q#2 tax rate shown as an increase in the operating levy beginning in 2019-2020
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All tax impact estimates provided by financial consultants from Robert W. Baird & Co.
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Tax Impact Calculator
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