ESTIMATED PROPERTY TAX IMPACT OF A SUCCESSFUL REFERENDUM
The Board of School Trustees passed a resolution at their January 27, 2014, regular meeting to conduct a General Fund referendum for approval of a tax rate of $.1100 to be levied in the years 2015 through 2017.
To see how this tax rate will impact you as a homeowner, find the net assessed value of your home on the following chart. The net assessed value can be found on Line 3 of your latest “Taxpayer and Property Information” sheet you received from the Hancock County Treasurer and is the remainder of your gross assessed value (market value) (Line 1a) less certain homestead and mortgage deductions. The Department of Local Government Finance (http://www.in.gov/dlgf/) also has various property tax calculators to help you find your net assessed valuation. The proposed tax rate is applied to your net assessed value and using the chart you will now be able to estimate the annual and three-year total increase in payments resulting from this proposed tax rate.