VIGO COUNTY SCHOOL CORPORATION

VIGO COUNTY SCHOOL CORPORATION

Vigo County, Indiana




ESTIMATED IMPACTS OF THE ILLUSTRATIVE CAPITAL REFERENDUM TAX RATES

Net Property Tax Liability Inputs:

Enter Gross Assessed Value by Property Type:1



Primary Residence - Homestead: 1% Cap2
Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap2
Non-Residential, Commercial, Industrial, Personal: 3% Cap2


Please visit the Vigo County Assessor's website to find your Gross Assessed Value. This will be located on the Property Record Card.
Or,
From your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a.


Estimated Net Change to Tax Bill Resulting From the Illustrative Capital Referendum Tax Rates



Referendum Impact
Illustrative Capital Referendum Tax Rate4 $0.4182
Less: Existing Operating Referendum Tax Rate3 (0.1622 )
Estimated Net Change to Referendum Tax Rate3, 4 $0.2560
Illustrative Annual Capital Referendum Tax Liability1, 2
Less: Existing Annual Operating Referendum Tax Liability1, 2
Estimated Net Change to Annual Referendum Tax Liability1, 2
Illustrative Monthly Capital Referendum Tax Liability1, 2
Less: Existing Monthly Operating Referendum Tax Liability1, 2
Estimated Net Change to Monthly Referendum Tax Liability1, 2

Notes

  1. Real property assessments are adjusted annually due to changes in market conditions. Taxpayer liability will change in relation to changes in parcel gross assessed value.
  2. Homestead parcels are assumed to have homestead, supplemental homestead, and mortgage deductions. Assumes no deductions for non-homestead properties.
  3. Assumes the operating referendum tax rate of $0.1622, which was most recently approved by voters in 2019 for an eight-year term, is levied through 2024 and discontinued in 2025 and beyond.
  4. Illustrative capital referendum tax rates based upon the 2022 certified referendum assessed valuation for the School Corporation of $4,333,213,063, per the DLGF. Assumes a license excise/financial institutions tax factor of 5.0%. Per $100 of net assessed value.
For illustrative purposes only. Actual results may vary.