Photo of several AGWSR high school students at graduation

PROPERTY TAX IMPACT

An approved general obligation bond referendum would have an estimated property tax impact of approximately $1.95 per $1,000 of taxable property value (not assessed value).

For a $200,000 home in AGWSR CSD, this would result in an annual increase of approximately $175.53 (or $14.63 per month).

For a commercial property assessed at $1 million, the annual tax impact would be approximately $1,755.

The average yearly impact on agricultural properties in our area would be as follows:

Butler County: $2.69 per acre
Hardin County: $2.75 per acre
Franklin County: $2.82 per acre
Grundy County: $3.40 per acre

→ SEE THE TAX IMPACT SUMMARY

Calculating the tax impact can be a little complicated due to the state rollback and Homestead Credit. Below is a five-step process to provide some clarification:

Graphic with the following text: Let’s say we have a home with an assessed value of $200,000. Factor in the 47.4316% state rollback. This gives us a taxable value of $94,863 on the home. Subtract the Homestead Credit of $4,850. This gives us a net taxable value of $90,013. Multiply the net taxable value by the levy rate increase of $1.95. This amounts to $175.53 (or $14.63/month) per $200,000 of assessed home value.