BEECH GROVE CITY SCHOOLS

ESTIMATED IMPACT OF THE PROPOSED SCHOOL CONSTRUCTION AND OPERATING REFERENDA

Please visit the Marion County Assessor's website to find your Total Assessed Value.
This will be located on the Property Record Card.
Or,
From your Annual Tax Statement from the County Treasurer, TABLE 1, Lines 1a - 1c.

LLUSTRATIVE CHANGE IN TAX LIABILITY FROM THE
PROPOSED SCHOOL CONSTRUCTION AND OPERATING REFERENDA

Tax Rate table

Tax Rate Table

tax rate table

NOTES

  1. Real property assessments are adjusted annually due to changes in market conditions. The referenda liability will change in relation to changes in parcel gross assessed value.

  2. Homestead parcels are assumed to have homestead, supplemental homestead and mortgage deductions. A parcels net assessed value may vary depending on its deductions and property class breakdown.

  3. The estimated debt service tax rate for the 2020 Construction Referendum is anticipated to be phased-in over a 2-year period, with the full impact anticipated to begin in 2023.

  4. The proposed operating referendum rate tax of $0.5500 would replace the existing operating referendum rate of $0.3500 resulting in an estimated annual net tax rate impact of $0.2000.

  5. The operating referenda would be approved for eight years.

  6. Local property tax replacement credits are not applied to Operating Referendum tax rates, per Indiana Code 6-3.6-5-6.