*PLEASE NOTE that in computing this estimated tax liability, the calculator is using the maximum rate for which the unit is seeking approval through the referendum. Existing referendum tax rates will decrease for those units which have referendums expiring as of December 31 of this year. It is also possible that the unit’s existing tax rates will change in coming years, particularly those for any outstanding debt scheduled to expire. Furthermore, it is possible that the unit will not impose the maximum rate for which it is seeking approval through the referendum for the entire life of the referendum levy. Specific questions about debt amortization and related issues should be directed to the proper officials of the unit seeking the referendum.
NOTE: Actual referendum impact may vary from estimated maximum as a result of fluctuations in the referendum tax rate or local property tax credits.
Additional Resources: If you would like to know more about how this money will be spent if approved, click the link below: Referendum Information:http://www.in.gov/dlgf/8789.htm
The Department of Local Government Finance (DLGF), in partnership with the Indiana Business Research Center (IBRC) at Indiana University, has created the Referendum Impact Calculator for Indiana taxpayers. This tool will allow you to enter your property’s assessed value and deductions, and receive an estimate of additional property tax that would result if the referendum is approved.