Tuesday, November 29, 2016
Reader Glenn C. sent in a question about the school district bond which will be on the February ballot.
The proposed tax says about $5 per assessed $1000. This year's total taxes were about $11 per $1000. If this is correct, the bond would increase our taxes by about 50%. That is $2000 on a $400,000 assessed value. Please explain.
Marla Miller, Deputy Superintendent of Shoreline Public Schools, responds.
I’m not sure what tax statement the reader is reviewing, but the school district tax information isn’t correct. The school district doesn’t collect taxes at $11 per $1000 now, but if it were that rate and we did go to $5 per $1000, that would actually be a reduction.
The 2016 TOTAL SCHOOL DISTRICT tax is $4.28847 per $1,000 of property value, not $11.00 per $1000.
The $4.28847 includes the General Fund levy, the Technology levy, and payments for previously-issued bonds.
If the 2017 bond proposal passes, we estimate the TOTAL tax rate, including the new bonds, will peak at $5.30 per $1,000 between 2020 and 2025, and be lower both before and after that period of time.