INPUT ASSESSED VALUE
(The Assessed Value of your home can be obtained from the tax assessor's office.)
AVERAGE ANNUAL TAX IMPACT (estimated)
The estimated average annual tax impact is based on:
- a bond amount of $15,028,000 for Ballot Question 1 and $34,880,000 for Ballot Questions 1 & 2
- State Debt Service Aid of $5,109,792 for Ballot Question 1 and $5,886,373 for Ballot Questions 1 & 2
- a 20-year amortization schedule for Ballot Question 1 and a 25-year amortization schedule for Ballot Questions 1 & 2
- an estimated borrowing rate of 4.00%
To use this Property Tax Impact Calculator, enter the Assessed Value of your Land and Improvements (top box) as shown on your tax bill from the Township. Enter the Assessed Value as a whole number without commas, dollar sign or decimal places (e.g. enter 500000, not $500,000.00). The estimated Average Annual Tax Impact for each question for the referendum election will populate in the bottom boxes.
Please note that the Assessed Value is NOT the Market Value of your home. The Assessed Value of your home can be obtained from the tax assessor's office.
You can also use the public records search tool to find your property's assessment at https://www.taxdatahub.com
