The following is the public question that will be stated on the November 5th ballot.

“Shall Twin Lakes School Corporation increase property taxes paid to schools by homeowners and businesses for eight (8) years immediately following the holding of the referendum for the purpose of funding the retention and attraction of teachers and staff, academic and educationally related programs, and student safety and school security measures, at a maximum referendum property tax rate of $0.25? If this public question is approved by the voters, the average property tax paid to schools per year on a residence would increase by 39.68% and the average property tax paid to schools per year on a business property would increase by 36.91%."

Many experts and lawmakers indicate the language is misleading to voters. While the ballot question states an average increase of 39.68% on the school portion of property tax, the community needs to be aware the question is required to be read that way. In reality, the majority of property owners in our community will experience only a $17 increase on their monthly tax bill (average homestead gross assessed value=$184,777).

We encourage everyone to learn more about the actual impact to their property taxes by utilizing a tax impact calculator (Link) developed by a third party financial advisor.