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School District of La Crosse
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APRIL, 2023
REFERENDUM TAX IMPACT CALCULATOR
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Enter
2022 Property Fair Market Value (FMV):
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Enter
2023 FMV Growth Estimate* (%):
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Estimated
2023 FMV:
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2022-23
Existing School District Equalized Tax Rate (per $1,000)
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Estimated
Referendum Equalized Tax Rate Impact
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Estimated
Referendum Tax Impact Breakdown
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Net
Referendum Tax Impact
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Net
Referendum Tax Impact, per month
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*Note Regarding FMV Growth Affecting Tax Impact
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Fair Market Value Growth is an important factor in determining
an individual property's tax change from year to year. Separate from the
Referendum Tax Impact, a property may see a tax change resulting from FMV
Growth calculated at the Existing School Equalized Tax Rate. Below is an
estimate based on the FMV Growth Estimate entered above:
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Key
Assumptions:
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First tax impact will be
noted on tax bills received in December 2023 (due in 2024).
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Estimated District
Equalized Valuation Growth of 3.50%.
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Example tax impact is
based on the property FMV and growth entered. It does not factor any other
potential change in the individual property value.
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Example tax impact
could be impacted by other variables, such as significant market or statutory
changes, which may necessitate adjustments to the financing plans.
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If referendum is not
approved, the mill rate may remain unchanged or decline in upcoming years.
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Definitions:
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Fair Market Value (FMV): This value is shown on your property
tax bill. It is your municipality's estimate of your property's market value.
This value is used in conjunction with the school district equalized tax rate
to determine taxes due to the school district.
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Equalized Tax Rate: The equalized tax rate is the rate per
$1,000 of FMV that a school levies across all municipalities in the district.
This rate is set by the district. The Impact is the change in equalized tax
rate from the previous year.
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Net Tax Impact: This combines the Equalized Tax Rate Impact from
the Referendum with the change in taxes due to estimated FMV growth. While
the school has control over the Equalized Tax Rate for the district, it does
not have control over growth in FMV for properties in the district.
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