The Platte-Geddes School District is asking voters to consider a general obligation bond to finance the construction of a new middle/high school. We recognize that discussions about taxes, particularly in an agricultural community, are significant, and we are committed to providing clear and accurate information so residents can make an informed decision.
One area that has prompted questions is the estimated tax impact of the proposed bond. Based on financial projections prepared by the district’s municipal advisor, the average tax impact over the life of the bond is approximately $0.94 per $1,000 of assessed valuation. This figure represents a long-term average and does not indicate that the tax levy will be the same each year.
The bond repayment schedule is structured so that mill levies are higher in the early years and are projected to decrease over time as principal is paid down. Some initial years are therefore above the long-term average, while later years are projected to be below it. When all repayment years are combined and averaged, the result is the $0.94 figure.
To improve transparency and help taxpayers better understand this year-by-year variation, the district has updated the tax levy calculator on its website. The calculator now reflects the changing mill levies over the full 30-year repayment period, allowing property owners to estimate the potential annual tax impact based on their assessed valuation. https://plattegeddessd.sites.thrillshare.com/o/pgsd/page/building-addition-copy
Actual tax impact for individual property owners may vary due to future changes in assessed valuation, which are determined through state and county assessment processes and are outside the control of the school district.
The Platte-Geddes School District understands that community members may hold differing views on this proposal. Our goal is to ensure the discussion remains grounded in accurate information, and we welcome questions from residents seeking additional details.