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Twin Lakes School Corporation
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November 2024 Operating Referendum
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Carroll and White Counties
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How to find your
Gross Assessed Value:
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CARROLL COUNTY RESIDENTS - Click HERE to access the Carroll
County Assessor's website to find your Property Record Card.
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WHITE COUNTY RESIDENTS - Click HERE to access the White
County Assessor's website to find your Property Record Card.
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3. Find your
property by searching address, name, or parcel number
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4. Refer to your
most recent Total Valuation (Land & Improvement)
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Estimated
Impact of the Proposed School's Operating Referenda
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Enter Gross Assessed Value
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Estimated Cost of Operating Referenda
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NOT the market value of your home
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Monthly
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Is this a Homestead
Property?
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$
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(yes or no)
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Annually
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$
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Notes:
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1
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Real property
assessments are adjusted annually due to changes in market conditions. The referenda liability will change in
relation to changes in parcel gross assessed values.
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2.
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Homestead parcels are
assumed to have homestead, supplemental homestead and mortgage deductions.
Does not include changes from House Bill 1499 for tax years 2025 and 2026
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3.
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For simplicity, local
income tax property tax credits, 65 and over, blind/disabled, disabled
veteran, or solar/wind/geothermal device credits have NOT been included in
the tax calculator estimate and your actual tax bill may be less than what is
estimated in the calculator.
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4.
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The State of Indiana
currently assesses farmland using a base rate calculated by the Indiana
Department of Local Government Finance (DLGF). The base rate is updated
on a yearly basis. For taxes payable in 2024, the base rate was set at
$1,900 per acre. For taxes payable in 2025, the base rate is being
increased to $2,280 per acre.
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Unlike property taxes
paid on homesteads, there are no additional deductions for taxes paid on
farmland.
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To calculate the
potential impact of the operating referendum on farmland for taxes payable in
2025, the calculation is the base rate ($2,280), multiplied by the amount of
the operating referendum ($0.2500), multiplied by the number of acres owned,
and then divided by $100 (taxes are paid per $100 of taxable value).
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For example, a
taxpayer who owns 100 acres would see a $570 impact for taxes payable in
2025. $2,280 x $0.2500 x 100 acres / $100.
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For more information of the farmland base rate, please visit
https://www.in.gov/dlgf/assessments/agricultural-land-assessments/
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5.
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The tax liability is
based on an 8 year operating referenda. At the end of the 8 years, this
referenda will expire.
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