How Will This Affect My Taxes?

At the June 14^th, 2010 School Board meeting the Board of Education unanimously adopted a resolution calling for an August 10, 2010 bond election in an amount not to exceed $17,950,000.

The financing plan calls for a 20-year repayment with bonds maturing each year from 2011 to 2030.

We are estimating an initial bond levy of 14.8 cents per $100 of taxable valuation.  To calculate the net tax increase on a specific property, multiply the taxable valuation by .00148 (i.e. $100,000 taxable value x .00148 = $148 annual tax or $12.33 per month)

Taxable Value         Net Levy Increase       Yearly Increase       Monthly Increase

$50,000                   14.8 cents / $100        $ 74.00                    $ 6.16

$75,000                   14.8 cents / $100        $111.00                   $ 9.25

$100,000                 14.8 cents / $100        $148.00                   $ 12.33   

Ag Land Financial Considerations    

Seward County Agricultural Land is divided into several different market areas depending on availability to water as well as soil conditions.  In an effort to give  rural voters an accurate figure for their tax levy impact, we have gathered  information from the Seward County Assessor.  The values vary from acre to acre.  Listed below are the ranges of property valuations. 

Dryland                                   Irrigated                                               Pasture

$800-$2100/acre                     $1400-$3200/acre                               $500-725/acre

*In order to calculate your individual tax impact multiply  (assessed value x .00148)

Bond Levy History information is available in the Resource Center.