Estimated Cost Chart for OFCS Operating Levy
on March 2020 Ballot
|
Home Value
|
Taxable Value
(35% of Home Value)
|
Estimated Cost*
Per Month
|
|
$50,000
|
$17,500
|
$11.52
|
|
$100,000
|
$35,000
|
$23.04
|
|
$150,000
|
$52,500
|
$34.56
|
|
$200,000
|
$70,000
|
$46.08
|
|
$250,000
|
$87,500
|
$57.60
|
|
$300,000
|
$105,000
|
$69.13
|
*The estimated cost in this column reflects the reduction of the effective tax rate to 7.9 mills. The Board of Education has committed to reducing the effective tax rate of the 8.9 mill levy to 7.9 mills by tapping into the District’s debt fund and paying off the middle school expansion project from 2007 earlier than required.
FOR ADDITIONAL INFORMATION ON THE MARCH 2020 OPERATING LEVY FOR OLMSTED FALLS CITY SCHOOLS, PLEASE VISIT OUR LEVY INFORMATION CENTER BY CLICKING HERE.