Tax Impact

The ballot question asks voters to approve an 8.5 cent increase in MCCSC’s current referendum rate of 18.5 cents.

  • Even with this increase, the school district’s tax rate would remain among the lowest of Indiana public school rates.
  • While officially 8.5 cents, the actual impact would be closer to 3.5 cents.
  • Many families would realize several thousand dollars in annual benefits for an annual cost of about $50.

In detail: The November 7 ballot question seeks voters’ approval for raising MCCSC’s current referendum tax rate (18.5 cents per $100 assessed valuation) by 8.5 cents.

For a home with an assessed value of $250,000, an 8.5-cent increase in the referendum tax rate (currently 18.5 cents) means an approximate yearly increase of $50. For perspective, this is roughly the cost of three pizzas over the course of a year or one fountain soft drink per week.

While it is difficult to calculate this precisely, the actual impact will be closer to 3.5 cents because of state-imposed tax caps and our community’s growth in property values.

For additional context, MCCSC has one of the lowest overall tax rates of any school district in Indiana. Currently, MCCSC is in the lowest 10% of all taxing rates for Indiana districts. The average total tax rate for a school district in Indiana is $1.058. MCCSC’s rate is 69.45 cents. If voters approve this referendum,  MCCSC’s tax rate will remain among the state’s lowest.