Help for clarifying
impact of bond
USD 410 has completed a series of public meetings designed to inform district patrons concerning the June 5th bond election.
The following information is offered as a way of clarifying the bond?s tax impact on land used for agriculture. Following are two examples using real pieces of ag land owned by USD 410 board members.
67.05 Acres of Ag. Use Land
Estimated value @ $1,000/acre $67,050
Ag Use Value (used for tax
calculations) $3,993
Tax increase in 1st year of bond
(2.335 mill increase) $9.32
Increase per acre $0.14
Tax increase in highest year of bond
(4.835 mill increase) $19.31
Increase per acre $0.29
80 Acres of Ag. Use Land
Estimated value @ $ 1,000/acre $80,000
Ag Use Value (used for tax
calculations) $3,606
Tax increase in 1st year of bond
(2.335 mill increase) $8.42
Increase per acre $0.11
Tax increase in highest year of bond
(4.835 mill increase) $17.44
Increase per acre $0.22
The district has calculated the tax increase on 25 randomly selected pieces of ag use land and found the average increase to be $0.14 per acre in the first year of the bond and $0.29 per acre in the highest year of the bond.
Rod Koons, board president
Gordon Mohn, superintendent
