ABCDE
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School District of Jefferson
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November 2022 Debt Referendum
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 Property Tax Calculator
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Fair Market Value
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 Enter your Estimated Fair Market Value (FMV): $250,000
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 You can find your FMV on your January 2022 property tax bill. FMV is also known as equalized property value.
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QUESTION 1 = $34,000,000
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 Purpose: paying the cost of a school facility improvement project consisting of: district-wide safety, security, building systems, infrastructure and site improvements; renovations at East, West and Sullivan Elementary Schools; construction of an addition and renovations at the High School; and acquisition of furnishings, fixtures and equipment.
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Your estimated property tax rate increase per $1,000 FMV for school debt payments (beginning 2022-23)…………………………………………..
$0.64
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 Your estimated annual property tax increase for school debt payments………………………………………..$160.00
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 Your estimated monthly property tax increase for school debt payments………………………………………$13.33
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QUESTION 2 = $8,000,000
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 Purpose: paying the cost of the construction and equipping of an athletic complex and related facilities on district-owned land, including site improvements.
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Your estimated property tax rate increase per $1,000 FMV for school debt payments (beginning 2022-23)…………………………………………..
$0.15
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 Your estimated annual property tax increase for school debt payments………………………………………..$37.50
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 Your estimated monthly property tax increase for school debt payments………………………………………$3.13
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TOTAL = $42,000,000
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Your estimated property tax rate increase per $1,000 FMV for school debt payments (beginning 2022-23)…………………………………………..
$0.79
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 Your estimated annual property tax increase for school debt payments………………………………………..$197.50
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 Your estimated monthly property tax increase for school debt payments………………………………………$16.46
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Multi-phased borrowings with each borrowing amortized over 20 years at planning interest rates of 4.75%.
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Tertiary Aid Impact (2022-23 July Estimate): 9.60%.
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Mill rate based on 2021 Equalized Valuation (TID-OUT) of $1,214,357,408 with annual growth of 13.00% in 2022 and 1.00% thereafter.
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Impact represents the estimated change over the 2021-22 mill rate for debt payments above the revenue limit of $2.59.
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All tax impact estimates provided by financial consultants from Baird.
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