WASHINGTON COMMUNITY SCHOOLS


ILLUSTRATIVE IMPACT OF PROPOSED $38.0m SCHOOL CONSTRUCTION REFERENDUM6

Inputs

Select Tax District:

Enter 2019 Gross Assessed Value

1a: Primary Residence - Homestead: 1% Cap1:
1b: Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap1:
1c: Non-Residential, Commercial, Industrial, Personal: 3% Cap1:
To find the Gross Assessed Value for a specific property Please visit
Daviess County Assesors Site
Or,
Find it on your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a, 1b, and 1c.



2019 PROPERTY TAX BILL

Primary Residence - Homestead: 1% Cap Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap Non-Residential, Commercial, Industrial, Personal: 3% Cap Total
Total 2019 Gross Assessed Value 1         
Less Homestead Deduction         
Less Supplemental Homestead Deduction         
Less Mortgage Deduction         
Net Assessed Value 2         
Apply District Rate per $100 of A.V. 3         
Equals Gross Taxes         
Less Local Property Tax Credits 4         
Equals Net Taxes         
Less Circuit Breaker Tax Credit 5         
 
   2019 Total Property Taxes Due (Annual)         
   2019 Total Property Taxes Due (Monthly)         




ILLUSTRATIVE IMPACT OF PROPOSED $38.0m SCHOOL CONSTRUCTION REFERENDUM 6

-->
Primary Residence - Homestead: 1% Cap Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap Non-Residential, Commercial, Industrial, Personal: 3% Cap Total
Total 2019 Gross Assessed Value 1         
Less Homestead Deduction         
Less Supplemental Homestead Deduction         
Less Mortgage Deduction         
Net Assessed Value 2         
Apply District Rate per $100 of A.V. 3 (6) (6) (6)
Equals Gross Taxes         
Less Local Property Tax Credits 4         
Equals Net Taxes         
Less Circuit Breaker Tax Credit 5         
Estimated Debt Service Tax Rate for Construction Project:6         
Proposed Operating Referendum Tax Rate:         
 
   Illustrative Total Property Taxes Due (Annual)         
   Illustrative Total Property Taxes Due (Monthly)         
 
 
Illustrative Net Change in Annual Tax Bill 2019 to 2021         
Illustrative Net Change in Monthly Tax Bill 2019 to 2021         

Assumptions

  1. Real property assessments are adjusted annually due to changes in market conditions. The referendum liability will change in relation to annual changes in the property's gross assessed value.
  2. Homestead properties are assumed to have homestead, supplemental homestead and mortgage deductions. Assumes no deductions for non-homestead properties.
  3. Calculations are based on pay 2019 certified district tax rate, per the Daviess County Budget Order.
  4. Includes PTRC of 19.7597% for homestead properties and PTRC of 0.0000% for all other properties, per the Daviess County Auditor's Office. Local property tax replacement credits are not applied to capital referenda tax rates, per Indiana Code 6-3.6-5-6.
  5. Assumes 1%, 2% and 3% tax caps as applicable.
  6. Based on estimated maximum tax rate of $0.4829 per $100 of A.V. for the proposed $38.0 million project.
For illustrative purposes only. Actual results may vary. Assumes no change in tax rates of overlapping local government units and no change in local property tax credit rates.