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A total of $9,970,000 in 20-year bonds will be required to pay for this district facility upgrade. The school district proposes to levy a maximum average mill levy of 9.90 mills for 20 years to pay for costs of the project. The mill levy reflects the State of Kansas contribution of 22 cents on the dollar to retire bonds. Every time a payment is due on the bonds, the State of Kansas sends its portion of the bill (both principal and interest) to the local district. The chart below shows the approximate costs of the 9.90 mills to taxpayers according to the value of their homes and shows the annual and monthly costs. NOTE: This increase will not appear until you receive your November 2005 tax statements.
If you are unsure of the actual value of your property or own farmland, or a business, look at your last assessment statement. Take the assessed value, not the appraised value (market value), and multiply it by .00990 to see what increase this bond issue will cost you. Make sure your decimal point is correctly placed! Example: $100,000.00 Property $ 11,500.00
Assessed Valuation of Property |
