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School District of La
Crosse
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NOVEMBER 2022 REFERENDUM TAX IMPACT CALCULATOR
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Enter
Property Fair Market Value (FMV):
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Not
To Exceed Debt Issuance
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$194,700,000
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Equalized
Tax Rate Impact per $1,000
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$0.08
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Estimated
Annual Tax Impact on FMV
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Estimated
Monthly Tax Impact
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Key
Assumptions:
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Four-phased borrowing
approach (2023-2026), with a 23-year total amortization.
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Estimated interest rates
ranging from 3.75% to 4.00%.
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Estimated District
Equalized Valuation Growth of 2.5% through 2023, 0.00% thereafter.
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State Aid Reimbursement
of -9% (current tertiary level).
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Example tax impact is
based on the property FMV entered with annual growth noted above and 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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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 District.
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Equalized
Tax Rate Impact per $1,000:
The equalized tax rate is the rate per $1,000 of FMV that schools use across
all municipalities in the district. This rate is set by the District. The
IMPACT is the change in equalized tax rate from last year.
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Annual
Tax Impact on FMV: This is the dollar amount of the annual tax impact
compared to last year based on the Fair Market Value entered. It is a
calculation of FMV/$1,000 x Equalized Tax Rate Impact per $1,000.
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