FOCUSED ON THE FUTURE
BOND REFERENDUM | TUESDAY, NOVEMBER 5, 2024
TAX IMPACT
If West Marshall CSD voters approve the $14 million bond referendum on November 5, 2024, property taxpayers would see an estimated impact of $1.90 per $1,000 of taxable property value.
For a home within the district with an assessed value of $150,000, this would amount to $10.24 per month (or $122.86 per year).
Calculating the tax impact can be a little complicated due to the state rollback and Homestead Credit. Below is a five-step process to provide some clarification:
For a commercial property with an assessed value of $850,000, the monthly tax impact of an approved bond would be $121.13.
The annual impact for agricultural property, based on the Marshall County average assessed value of $2,168 per acre, would be $2.96 per acre. Using this formula, the owner of 100 acres of farmland would have an annual impact of $295.92.
→ SEE THE TAX IMPACT SUMMARY
The School Board has taken the unique step of using general tax funds to buy down the tax rate and save property taxpayers $500,000 in recent years. The district’s overall tax levy rate for the current fiscal year is one of the lowest in the area, at $11.52 per $1,000 of assessed property value. That’s lower than Baxter ($18.69), Collins-Maxwell ($16.57) Marshalltown ($14.75), Roland-Story ($14.11), Colo-NESCO ($13.80), and Nevada ($13.57).