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Two possible ways to calculate tax impact |
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Wednesday, 05 March 2008 |
By April 8, District 10 voters will be asked to make a decision by mail-in ballot to see if the school district will be authorized to issue and sell General Obligation Bonds (GOB), up to the amount of $4.1 million.
Funding will be used to install a new heating system, gym, locker rooms and related improvements.
The bonds will have an interest rate of 6.5 percent per year. The project is expected to cost $6.3 million.
There are two possible ways to calculate the estimated tax dollar impact of the proposed millage increase.
One is two go to www.cadastral.mt.gov and click on “parcel search.” Then click “owner” on the next screen.
Enter owner name (last name first) and choose Pondera County from the county drop down menu box. Then click “search.”
If a list comes up, find the parcel you wish to view and click on “view parcel details.” Find the 2007 taxable market value and multiply it by .0017938. The calculated value is the estimated tax dollar impact for the parcel you searched on.
Another way is to look at your 2007 property tax statement and find your taxable value in the upper right hand portion of the statement.
Take the taxable value listed and multiply it by .05843. The resulting calculation is the estimated tax dollar impact.
Following are estimated tax dollar impacts on several different types of property for your reference.
The estimated tax impact is based on 58.43 mills.
A $100,000 residential property would be $119.84.
For a $100,000 commercial property, the tax would be $153.20.
On 1,000 acres of non-irrigated land, the tax would be $408.66.
On 1,000 acres of irrigated land, the tax would be $655.94 and on 1,000 acres of grazing land, the tax would be $107.45.
On March 6, 6 p.m. at the CHS commons, school board trustees and administration personnel will be on hand to answer questions from the pubic about the proposed GOB and to give tours, showing the areas of needed remodeling and renovation and new additions.
There will be free hamburgers, donated by Paul and Jill Johnson, cooked up by members of the Conrad Lions Club who need to get in a little grilling practice for their world-renowned Whoop-Up burgers.
In addition, there will be people on hand with laptop computers who will be able to help you calculate the impact of the GOB on your property.
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