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Estimated Operating Mill Rate/Tax Rate Calculations
Existing Debt Service and Facilities Projects

$121 Million Facilities Projects Scenario - Three Phase Financing

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The mill rate increases slightly in the first few years as the County completes payments on older debt while simultaneously funding newer projects, creating a temporary overlap in debt service.

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At the same time, the operating mill rate is projected to decrease due to growth in property values, which helps offset the impact.

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As a result, taxpayers should not experience a significant spike.

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Over the long term, the total mill rate is expected to steadily decline.

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Existing Debt Service and Facilities Projects

Overrating Levy increase 1.4% per year (based on 5-year average)

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(1) 2025 E. V. (TID Out) Actual

Estimate Growth @

 

8% - 2026 - 2027

7% - 2028 - 2029

6% - 2030 - 2040

5% - 2035 - 2050

$121 Million Tax Rate Calculations 2-20-26.tif

Tax Impact

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