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 |