Schools
How Much Could the Proposed School Levies Impact Your Property Taxes?
A breakdown of the property tax impact from each proposed levy referendum.
Are you willing to pay more in property taxes to support a funding increase for local schools?
That's the core question behind three proposed levy referendums School District 199 put to local voters this year. Inver Grove Heights is among 125 school districts across the state that have levy referendums on the ballot. If local voters approve all three questions on Election Day, the levies could generate as much as $4.2 million in tax revenue annually for the district.
But how much could each proposed levy affect your bottom line, if they are approved?
Find out what's happening in Inver Grove Heightswith free, real-time updates from Patch.
The first option is the renewal of an existing tax levy that currently generates roughly $480 in per pupil funding annually for the district’s operations—or approximately $2 million in annual revenue. The expiring levy currently accounts for roughly 5.25 percent of the district’s general fund revenue, School District 199 Business Manager Bruce Rimstad said earlier this year. If renewed, the levy would take effect in 2013 and continue for ten years. Renewal of this levy would not result in a tax increase for most local residents, according to a tax impact statement released by the district:
Market Value of Property2012 Expiring Levy
2013 New Levy
Net Change
$100,000
-$87
$86
-$1
$150,000
-$131
$129
-$2
$200,000
-$175
$173
-$2
$250,000
-$218
$216
-$2
$300,000
-$262
$259
-$3
$350,000
-$306
$302
-$4
$400,000
-$350 $345
-$5
$450,000
-$393 $388
-$5
$500,000
-$437 $432
-$5
$600,000
-$524
$518
-$6
$800,000
-$699
$690
-$9
$900,000
-$787 $777
-$10
$1,000,000
-$874
$863
-$11
$2,000,000
-$1,748
$1,726
-$22
Find out what's happening in Inver Grove Heightswith free, real-time updates from Patch.
The second levy on the ballots this Election Day is a new capital project levy, which can only be used to purchase new technology, textbooks, software or to maintain existing technology in the school district. If approved, this levy would raise $700,000 in new annual tax revenue in 2012—and as much as $7 million over its ten-year lifespan. Because it is not replacing an older levy, the capital projects levy would result in a tax increase for local residents:
Market Value of Property 2012 Estimated Taxes Payable $100,000 $22 $150,000 $38 $200,000 $55 $250,000 $71 $300,000 $88 $350,000 $104 $400,000 $121 $500,000 $151 $1,000,000 $246
The third option the district put to voters is a new, $372 per pupil levy that would generate roughly $1.5 million in new tax revenue each year for the district. The levy would have a lifespan of 10 years and would take effect in 2012 if passed this fall. If this levy passes, voters will also see a property tax increase:
Market Value of Property 2012 New Levy $100,000 $68 $150,000 $102 $200,000 $135 $250,000 $169 $300,000 $203 $350,000 $237 $400,000 $271 $450,000 $305 $500,000 $339 $600,000 $406 $800,000 $542 $900,000 $610 $1,000,000 $677 $2,000,000 $1,355*Tax impact charts courtesy of School District 199.
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