Lockwood School District #26

Bond Impact Calculator

Basic Information:

The proposed High School Bond Issue of $49,900,000 for a 20 year term equates to approximately 144 mills for Lockwood taxpayers. The levy to repay the Bonds is estimated to cost a homeowner approximately $16.20 per month per $100,000 of assessed market value. That amount will likely decrease over the term of the bonds as the District's tax base continues to grow.

This number reflects the maximum tax impact anticipated to repay the bond once all of the bonds have been sold.

With a "Yes" vote Lockwood will become a K-12 school district, therefore the passing of this bond will not only benefit our future high school students; children in grades K-8 will benefit from increased safety measures, better traffic flow, as well as the ability to utilize high school facilities including the auditorium and athletic facilities. Phase II of our Elementary School re-roofing project will also be paid for by this bond rather than permissive levies over the next several years.

The calculator below reflects the anticipated net impact of 107.5 mills ($12.10/month/ $100,000 value) to your tax bill based on the bond amount, the shifting of tax burden for educating our high school students from School District 2 to Lockwood (a approximately 33 mills) and the reduction in permissive levies currently being paid (savings of approximately 5 mills).

If you have any questions please contact Supt. Novasio at novasiot@lockwoodschool.org or 252-6022 x.4.