The estimated tax bill increase over the five-year period of 2009-2014 is presented here.  The first case shows the increase in the tax bill assuming the levy as authorized is actually applied in each of the five years.  The tax bill in this first case increases about 4.4% per year. 

The second case recognizes that the state-imposed levy lid on the District’s operating fund will likely not allow collection of the entire amount as approved by the voters and this second case therefore represents a more likely estimate of the tax bills over the five year period.  This second presentation shows a tax rate increase from $1.90 per thousand in 2009 to $2.49 per thousand in 2014.  It indicates further that the tax bill on a $600,000 home increases about 3% per year over the five-year period.  Hence, considering the two presentations here, it is reasonable to assume an annual tax bill increase in the 3-4% range over the time period covered by the proposed levies.

It should be further noted that these tax rate and bill estimates cover both of the two levies as proposed in this election and the outstanding bonded debt of the Bellevue School District.

The estimated tax bill increase over the five-year period of 2009-2014 is presented here.  The first case shows the increase in the tax bill assuming the levy as authorized is actually applied in each of the five years.  The tax bill in this first case increases about 4.4% per year. 

The second case recognizes that the state-imposed levy lid on the District’s operating fund will likely not allow collection of the entire amount as approved by the voters and this second case therefore represents a more likely estimate of the tax bills over the five year period.  This second presentation shows a tax rate increase from $1.90 per thousand in 2009 to $2.49 per thousand in 2014.  It indicates further that the tax bill on a $600,000 home increases about 3% per year over the five-year period.  Hence, considering the two presentations here, it is reasonable to assume an annual tax bill increase in the 3-4% range over the time period covered by the proposed levies.

It should be further noted that these tax rate and bill estimates cover both of the two levies as proposed in this election and the outstanding bonded debt of the Bellevue School District.