What's included in the Proposed Plan?
Ballot Question
Shall Shelbyville Central Schools increase property taxes paid to the school corporation for no more than 8 years for the purpose of funding and maintaining current educational and operational programs in response to reductions in property tax revenue, including student transporation, maintaining class sizes, school safety, and recruiting and retaining staff, by imposing a property tax rate that does not exceed $0.22 and results in a maximum annual amount that does not exceed $3,606,064. If this operating referendum public question is approved by the voters, for a median residence of $200,000, this property’s annual property tax bill would increase by $191 per year.
Potential Tax Impact
Footnotes
- Total gross assessed value or total value of parcel. Enter the applicable cap 1 total value, cap 2 total value, and/or cap 3 total value as found on the County’s software website.
- Residential homestead parcels are assumed to have the standard homestead and supplemental homestead deductions according to IC 6-1.1-12-37 and IC 6-1.1-12-37.5. For pay 2027, homestead properties are assumed to have a $40,000 standard homestead deduction and 46% supplemental homestead deduction.
- Non-homestead residential parcels, agricultural land, and long-term care facilities are assumed to have a 12.0% deduction in pay 2027, per IC 6-1.1-12-47.
- All other property is assumed to have no assessed value deductions.
- Actual tax impacts may vary based upon future changes in assessed valuation and future changes in any applicable deductions. Per Senate Enrolled Act 1 (SEA 1-2025) deductions for properties described in notes (2) and (3) above will change annually through pay 2031 when the standard homestead deduction will be $0, the supplemental homestead deduction will be 66.7%, and the deduction for non-homestead residential parcels, agricultural land and long-term care facilities will be 33.4%.
Supplemental Referendum Information
Referendum Spending Plan
Referendum Question Information:
- Number of Years of Referendum Tax Levy: 8
- Funding Purposes: Student Transportation, Maintaining Class Sizes, Recruiting and Retaining Staff, School Safety
- Maximum Tax Levy: $3,606,064
Specific Purpose for which the referendum levy will be used: | Estimate of the annual amounts that will be expended for each purpose: |
Student Transportation | $1,500,000 |
Maintaining Class Sizes | $702,021 |
Recruiting and Retaining Staff | $702,021 |
School Safety | $702,021 |