There is no change in the tax rate for this renewal. You will continue to pay the 37 cents per $100 of property value – the same tax rate you are currently paying for the school referendum levy, and that you have been paying since 2010.
Q: Does the quality of schools really affect property values?
Yes. According to a National Alliance of Business report, “The second most often cited reason for a business selecting a particular location is the quality of the schools.” Good schools are also shown to attract and retain families. A community that attracts families and businesses tends to have a stronger tax base, higher home values, and a tax burden that is spread more widely.
Please use the tax calculator to see taxes you are currently paying and would continue to pay for the next eight years if the referendum is approved. Please note that increases in market value and changes to deductions may impact the total tax you pay. The tax calculator only calculates the school referendum levy rate on your property's current market value.