Indianapolis Public Schools

Illustrative Impact of the Proposed School Capital and Operating Referenda on Property Tax Bills

Assessed Value Inputs

Enter Gross Assessed Value1:
Is this a Homestead property?2
Yes   No
Please visit the Marion County Assessor's website to find the Gross Assessed Value for a specific property. This will be located on the Property Record Card.
Or,
From your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a.

Calculated Tax Bill Increase from the Proposed School Capital and Operating Referenda with a Combined Tax Rate of $0.2292

Capital 4
($0.0332)
Operating 5
($0.1960)
Total
($0.2292)
Monthly Referenda Tax Liability:
Annual Referenda Tax Liability:

Notes

  1. Assessments are subject to annual changes in market conditions. The referenda liability may change in relation to changes in parcel gross assessed value.
  2. Homestead parcels are assumed to have homestead credits, supplemental homestead credits and mortgage deductions.
  3. Local property tax replacement credits are not applied to Operating Referendum tax rates, per Indiana Code 6-3.6-5-6.
  4. The tax liability is shown for the maximum year of repayment for the capital referendum, which assumes twenty years of repayment. As bonds are issued and repaid, in some years the tax liability may be less than the maximum. Capital referendum repayments would begin as early as 2020.
  5. The operating referendum is approved for eight years.