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Proposed Building Project Info

Manchester Community Schools

Illustrative Impact of the Proposed School Capital Project on Property Tax Bills

Inputs

Select Tax District:

Enter 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:

Calculated Change in Tax Bill from the Proposed School Capital Project with a Tax Rate of $0.21523

Gross Change
Monthly Change in Tax Liability:
Annual Change in Tax Liability:

Assumptions

  1. Assessments are subject to annual changes in market conditions. The liability may change in relation to changes in parcel gross assessed value.
  2. Homestead parcels are assumed to have homestead, supplemental homestead, and mortgage deductions. Assumes no deductions for non-homestead properties.
  3. Calculations are based on pay 2018 certified district tax rate per the Wabash County Budget Order.
  4. Assumes an estimated increase in tax rate of $0.2152 over current debt levels. The maximum debt service tax rate is $0.3885 and occurs after all current bonds are fully repaid.
  5. The calculation above illustrates the change in gross property tax liability due to the capital project. The actual change in net property tax liability will be reduced due to income tax based tax credits and circuit breaker credits. These credits vary year to year and by parcel, and are not incorporated into the calculation.
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 replacement credit rates.