Use this Calculator to Assess the Impact of the $101.7mm Bond on Your Taxes

Are you wondering how much your school taxes will go up due to the proposed $101.7mm school bond?

In response to requests from residents, the school district has built a property tax calculator to allow homeowners to calculate the impact of the bond on their own property taxes by year.

The calculator is easy to use. It shows you how to look up your home’s assessed value and input that into the model to find out your tax increase – and decrease for the years 2028-2049.

We tested it by inputting an assessed value of $1,400,000 and found that the total tax impact would be $2,474 from 2028-2036 and then decline until 2046.

Since the Village is also issuing $70mm in bonds to finance the indoor/outdoor pool, it would be great if they could combine their tax impact with the school bond, so that taxpayers could get an overall estimate of the impact of the two initiatives together.

Check out the school tax calculator here – and input your comments below.