PROPERTY TAX IMPACT
The maximum possible tax impact that could result from an approved bond would be $0.43 per $1,000 of taxable property value. For a home in the Knoxville Community School District with an assessed value of $200,000, this would amount to approximately $38.71 per year (or $3.23 per month).
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The goal of the School Board and administration is for the proposed bond issue to be tax-neutral, which is in line with current financial projections.
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​For a $300,000 commercial property within the district, a $0.43 tax impact would result in an increase of $88.64 per year (or $7.39 per month). The annual impact this possible rate would have on agricultural property, based upon the Marion County average per-acre assessed value of $1,264, would be approximately $0.40 per acre. ​
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Use the calculator below to find the estimated tax impact of a $0.43 levy rate increase.
The School Board and administration strive to keep property taxes as low as possible. Today, KCSD’s cumulative property tax rate of $16.90 per $1,000 of taxable value is lower than neighboring Indianola ($17.69), Carlisle ($17.92), and Melcher-Dallas ($17.17).
