Estimated monthly
taxes and annual savings are based upon the home value entered and
assume a maximum debt rate of $.34 as proposed by the Citizen's Bond
Oversight Committee. The district's annual operating rate for the
2007-08 school year cannot be more than $1.04 without voter approval.
The debt rate assumes that the proposed bonds will be sold in four
installments at a minimum annual interest rate of 5.25%. Actual bond
interest rates are dependent upon market conditions at the time of
the sale. The debt rate further assumes that the current law surrounding
the appraisal of property does not change as a result of any future
legislative actions.
Historical Tax Rate
Tax rate shown (2007-08 & 2008-09) are projected rates
| Tax
Rate |
2005-06 |
2006-07 |
2007-08 |
2008-09 |
| M&O |
1.4968 |
1.3370 |
1.0400 |
1.0400 |
| Debt Service |
.3366 |
.3036 |
.3400 |
.3400 |
| Total Tax Rate |
1.8334 |
1.6406 |
1.3800 |
1.3800 |
|
