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Home > Blogs > Lakota Schools News and Issues > Archives > 2010 > July > 21
Wednesday, July 21, 2010
How much will Lakota’s levy cost you?
I hear this almost on a daily basis: “What doesn’t Lakota just tell people the true cost of the levy, rather than basing it on a $100,000 home?”
Three reasons I think are factors here:
Lakota surveyed residents and found the majority surveyed wanted it in a $100,000 value increment.
That is the way all school districts do it.
It makes it less complicated to do the math.
People may have more expensive houses, but there also are many out there with a house less than $200,000. So, what is the value truly going to be? A reader just pointed out that there are reductions for seniors. So, here is a good calculator.
For a $100,000 home, this 7.9 mill levy will cost an additional $242 per year for the average homeowner.
$150,000 home: $363
$200,000 home: $484
$250,000 home: $605
$300,000 home: $726
$350,000 home: $847
$400,000 home: $968
$450,000 home: $1,089
Read about the Homestead Exemption here, per a reader submission.
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