So...What's the Mill Rate Looking Like?

We could be looking at as much as a $180 increase in taxes on a home assessed at $200K if the school board approves additional $600,000 in spending and equalized values drop 2.5% (as anticipated).  That could set the mill rate at it's highest point over the last 15 years!

What recession!

Scenario                                                 Mill        Cost / $200K  Increase
The current picture with no additional spending and Equalized Value stays flat
Levy up 3.50%    Eq Value up 0.0%     $12.55     $2,510             $ 86


The picture with with no additional spending and Equalized Value drops 2.5%
Levy up 3.50%    Eq Value up -2.5%    $12.87     $2,574            $150


The picture with $600K additional spending and Equalized Value stays flat
Levy up 4.75%    Eq Value up 0.0%      $12.69     $2,538            $114


The picture with $600K additional spending and Equalized Value drops 2.5%
Levy up 4.75%    Eq Value up -2.5%    $13.02     $2,604             $180
Note: The mill rate has not topped $13.00 since the 1996-97 school year!


The picture with with only a 2% tax levy increase and the Equalized value stays flat 
Levy up 2.00%    Eq Value up 0.0%      $12.36     $2,472             $ 48