EV News Article 4
This is the fourth article in a series that provides Easton Valley residents and friends with accurate information related to district operations and plans. The articles are in a question-and-answer format to respond to commonly asked questions in our community.
The two biggest questions Easton Valley stakeholders are asking about the June 27th referendum vote are, "What is the cost of Easton Valley’s proposed facility plans," and "How does the proposed levy impact taxpayers of the Easton Valley District?"
Answer: To complete the full scope of the proposed project our community would need to support a $2.70 bond referendum, which would generate a maximum amount of $9.95 million. According to our architect’s budget projections, the elementary project would cost approximately $7.5 million and the high school project cost is approximately $1.5 million.
To know the impact on taxpayers, the chart provided should give answers. For instance, a resident owning a home close to the average assessed value of $78,000 in Jackson County would see a maximum property tax increase of $8.89 per month. Owners of agricultural land assessed at an average of $1,937 in Jackson County would see a property tax increase of $0.21 per acre per month. The impact a $2.70 levy would have on Easton Valley residents is dependent upon a number of factors. Please refer to the chart to estimate how a successful bond referendum would impact you.
It is important to note that our district has worked diligently to responsibly manage our property tax rates. In fact, our property taxes for next year have decreased from $15.08 down to $13.91 per $1,000 of assessed value. In our next news article we will bring more perspective to this conversation by exploring the history of tax rates throughout our district.