WHAT WOULD BE THE TAX IMPACT?
If approved, the five-year operating referendum would increase the school property tax levy rate from its 38-year record low but keep the rate through 2027-2028 lower than it was in 2015-2016.
The projected school tax increase on a $100,000 home would $169 in the first year, $17 in the second, $33 in the third, $34 in the fourth, and $46 in the fifth year, for a total five-year increase of $299.
However, these tax rate projections are fiscally conservative and actual MPSD tax rates have been lower than projected in each of the past eight years.
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Tax Calculator Tool
This tax calculator identifies the estimated total five-year property tax rate increase if the April 4, 2023 referendum is approved.
Five-Year Total Tax Increase:
Monthly Breakdown:
Directions: Enter your Fair Market Value (no commas, ex. 150000) and click on Calculate to see your tax estimates.