Tuesday, March 17, 2026

 

FYI - the impact to the average single family home (SFH) relative to the FY’2026 tax rate if the following Overrides/amounts added to the tax levy had occurred, rounded up to the next penny. Some information to go with it, keep in the mind for FY’2026 that $1 on the tax rate raised $1,199,579 and the average SFH was valued at $378,285, and the tax rate was at $11.87 per thousand dollars of assessed value, making the average tax bill of a SFH around $4,490.24.

Below is an example of a 3 tiered approach to an override question.


Override Amount

Increase in Tax Rate ($/1000)

Increase in Tax Amount on the Average SFH

Result: Total Tax Amount on the Average SFH

$ 1,000,000

$ 0.83

$ 313.98

$ 4,804.22

$ 2,000,000

$ 1.67

$ 631.74

$ 5,121.98

$ 3,000,000

$ 2.50

$ 945.72

$ 5,435.96


1 comment:

  1. Anonymous4:25 PM

    The people who are in favor of any tax increase have HUA Syndrome.

    ReplyDelete