Tax Calculator

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West Lafayette Community School Corporation

Estimated Impact of Renewal of Current
$0.3700 Operating Referendum

(Net Operating Referendum Tax Rate Impact of $0.0000)¹

Inputs:

Enter Gross Assessed Value by Property Type:

Primary Residence - Homestead: 1% Cap:

Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap:

Non-Residential, Commercial, Industrial, Personal: 3% Cap:

Please visit the Tippecanoe County Assessor's website to find the gross assessed value of your property.
This will be located on the Property Record Card.
Or,
From your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a.

As a result of the proposed continuation of the $0.3700 School Operating Referendum:

You would continue to invest $0.00 per month in the West Lafayette Community School Corporation.

You would continue to invest $0.00 per year in the West Lafayette Community School Corporation.

Calculation of Estimated School Operating Referendum Impact

Total Gross Assessed Value 2
Less: Homestead Deduction3
Less: Supplemental Homestead Deduction3
Total Net Assessed Value ("NAV")3
Multiplied by: Proposed Operating Referendum Tax Rate per $100 of NAV4
Annual Investment in the West Lafayette Community School Corporation
Monthly Investment in the West Lafayette Community School Corporation

Assumptions

1. The proposed operating referendum tax rate of $0.3700 would continue the existing operating referendum rate of $0.3700 for eight (8) years. The existing operating referendum tax rate of $0.3700 was approved in May 2017 and, should the proposed operating referendum be continued, the estimated annual net tax rate impact in 2024 is $0.0000.
2. Real property assessments are adjusted annually due to changes in market conditions. Taxpayer liability will change in relation to changes in parcel gross assessed value.
3. Homestead parcels are assumed to have a homestead and supplemental homestead deductions. Temporary increases to these deductions are not included. Assumes no deductions for non-homestead properties.
4. Calculations are based upon the proposed operating referendum tax rate of $0.3700 for 2024, which is equal to the 2023 certified operating referendum tax rate, per the Indiana Department of Local Government Finance.

For illustrative purposes only. Actual results may vary.