$1 more a month for great schools is a bargain

2013-05-03T15:54:00Z $1 more a month for great schools is a bargain nwitimes.com
May 03, 2013 3:54 pm  • 

As a homeowner and taxpayer in Munster, I would like to point out the real impact of the Munster schools' proposed general fund referendum on our tax bills. As you probably know, the proposed tax rate on this referendum question is 19.9 cents per $100 assessed value on your home.

Let us compare Munster's school tax rate for 2012 vs. 2013. In 2012, the total property tax rate for the Munster schools was $1.1995 per $100 assessed value. In 2013, the Munster schools property tax rate is $1.0121. That is a rate reduction of 18.74 cents. Citizens, look at your tax bill; the reduction is clearly listed.

Therefore, if we add the proposed referendum rate of 19.9 cents to the 2012 tax rate, we can see that the school tax rate actually would increase only 1.16 cents.

This referendum is virtually tax neutral.

On a $200,000 home, your tax increase would be $11.34 per year from its 2012 level, assuming the home has a homestead deducation, a supplemental deducation and a mortgage exemption.

Don't you think preserving top quality schools and protecting our home values is worth less than $1 a month?

- Jack Yerkes, chairman, Friends of Munster PAC

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