The proposed operating referendum tax rate of $0.1200 would increase the existing operating referendum rate of $0.0760 for eight (8) years, resulting in an estimated annual net tax rate impact of $0.0440 in 2023. The existing operating referendum was originally approved for a rate not to exceed $0.0800 in May 2016.
Real property assessments are adjusted annually due to changes in market conditions. Taxpayer liability will change in relation to changes in parcel gross assessed value.
Homestead parcels are assumed to have homestead, supplemental homestead and mortgage deductions. Assumes no deductions for non-homestead properties
Calculations are based upon the pay 2022 certified district tax rates, per the 2022 Brown County Budget Order.
Assumes local property tax replacement credits for homestead properties in the amount of 38.3358%, per the Brown County Auditor's office. Local property tax replacement credits are not applied to Operating Referendum tax rates, per Indiana Code: 6-3.6-5-6.
Assumes 1%, 2% and 3% tax caps as applicable.
For illustrative purposes only. Actual results may vary.