Brown County School Corporation


Brown County, Indiana

Estimated Impact of Renewing the Current $0.0800 Operating Referendum with a New rate of $0.1200.

(Net Operating Referendum Tax Rate Impact of $0.0440)1

Inputs

Select Tax District:

Enter Gross Assessed Value

1a: Primary Residence - Homestead: 1% Cap1:
1b: Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap1:
1c: Non-Residential, Commercial, Industrial, Personal: 3% Cap1:
Find your Gross Assessed Value from your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a.

Estimated Net Change to 2023 Tax Bill Resulting From the
Increase to current School Operating Referendum rate of $0.0440
(Budget Year 2022 to Budget Year 2023)1


Description
  Referendum
Tax Rate
  Annual Referendum
Property Tax Liability
  Monthly Referendum
Property Tax Liability
Proposed Continued Operating Referendum - 20231:  
$0.1200
 
   
Less: Existing Operating Referendum - 20221:  
(0.0760)
   
Estimated Net Change  
$0.0440
 
   

Assumptions

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  1. 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.
  2. 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.
  3. Homestead parcels are assumed to have homestead, supplemental homestead and mortgage deductions. Assumes no deductions for non-homestead properties
  4. Calculations are based upon the pay 2022 certified district tax rates, per the 2022 Brown County Budget Order.
  5. 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.
  6. Assumes 1%, 2% and 3% tax caps as applicable.
For illustrative purposes only. Actual results may vary.