Series #4: What do you think about this bond issue?
Q: A school bond would be paid for by an increase in property taxes. What are the types of property being assessed along with the percentage of each to the total valuation?
A: According to the most recent valuation report (2014 Certified School Adjusted Value Report) the school district has just over one (1) billion in assessed valuation ($1,028,013,689). The chart below shows the breakdown of the different types of property and the percentage of each to the total valuation.
2014 Certified School Adjusted Value Report (October 9, 2014) |
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Property Classification |
Valuation Amount |
% of total valuation |
Personal Property |
39,659,565 |
3.86% |
Centrally Assessed Personal Property Real |
23,274,675 8,964,345 |
2.26% 0.87% |
Residential Real Property |
503,791,932 |
49.01% |
Comm. and Indust. Real Property |
150,792,898 |
14.67% |
Ag Improvmnts. and Farm sites |
12,461,500 |
1.21% |
Agricultural Land |
289,068,774 |
28.12% |
Total Valuation |
1,028,013,689 |
100% |