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Your local school taxes will increase by $3 per month, comparing 2006 to 2008.

How Much Do I Pay on the Current Levy?

You should have already received your 2006 property tax statement. Here are your approximate Local School tax values, based on the current levy, which expires on December 31, 2006:

	Tax Rate	Tax
Expiring Levy	1.64110	$328.22
Bonds	1.08976	$217.95
Total Local School Tax	2.73086	$546.17

How Much Will I Pay with the New Levy?

Here are the estimated Local School tax amounts for 2008:*

	Tax Rate	Tax
Proposed Levy	1.77000	$396.48
Bonds	0.82000	$183.68
Total Local School Tax	2.59000	$580.16

So, What Was My Increase Again?

Since your taxes would increase from $546 to $580, this is a $34 increase, or $3 monthly. This is approximately a 1-2% increase in your total property taxes over 2 years, depending on your taxing district.

How Did You Calculate the 2008 Millage Rates?

The millage rates are computed by dividing the levy or bond amount by the total assessed value for all properties in the district. Therefore, as you increase the growth factor, you will notice that the millage rate goes down and the total out-of-pocket stays about the same. See Levies, Bonds, and Your Taxes for more information.