Tax Impact
If voters approve the $57 million bond referendum on November 5, 2024, property taxpayers would see an estimated impact of $1.28 per year on every $1,000 of taxable property value. This would result in an increase of approximately $9.37 per month (or $112.43 per year) on a home assessed at $200,000.
For a commercial property with an assessed value of $150,000, the estimated monthly impact would be $7.41 ($88.98 annually). The monthly impact for agricultural property, based on the Marshall County average assessed value of $2,168 per acre, would be $0.17 per acre (or $1.99 annually).
The MCSD School Board and administration have a history of balancing the needs of our students with the needs of our property taxpayers. Since 2021, our overall tax levy rate has declined by 12.8%, to stand at $15.99 in the current fiscal year.
Calculating the tax impact can be a little complicated due to the state rollback and Homestead Credit. Below is a five-step process to provide some clarification:
