The proposal extends the current General Obligation (G.O.) Bond with a proposed $4.05 per $1,000 taxable value increase to the property tax rate.
The total project investment is $11.955 million.
Central Decatur CSD | Property Tax Impact Calculator
Scenario: November 2026 GO Bond Referendum Tax Impact | Utilizing 1/1/2025 Valuations and Estimated Rollback Rates
Tax Rate Details
| Prior Debt Levy Rate: | $0.00 / $1,000 |
| Estimated FY2028 Debt Levy Rate: | $4.05 / $1,000 |
1. Residential Home Property
| Homestead Exemption Status | Net Taxable Value | Annual Increase | Monthly Increase |
|---|---|---|---|
| Yes (Under 65) | $120,243.15 | $486.98 | $40.58 |
| Yes (65 or Older) | $113,743.15 | $460.66 | $38.39 |
| No Exemption | $133,603.50 | $541.09 | $45.09 |
2. Commercial / Industrial Business Property
| Effective Rollback Rate | Net Taxable Value | Annual Increase | Monthly Increase |
|---|---|---|---|
| 83.18% | $831,801.75 | $3,368.80 | $280.73 |
3. Agricultural Land
Method A: Estimate by Acreage (Based on Decatur County average of $891.71/acre)
| Total Assessed Value | Net Taxable Value (59.44%) | Annual Increase | Monthly Increase |
|---|---|---|---|
| $891,710.00 | $530,033.32 | $2,146.63 | $178.89 |
Method B: Exact Value (From your physical tax statement)
| Net Taxable Value (59.44%) | Annual Increase | Monthly Increase |
|---|---|---|
| $728,141.23 | $2,948.97 | $245.75 |
* Varying Homestead Credits applied based on state guidelines. Averages and calculations are estimations for the referendum impact map and may vary slightly depending on individual local variations. Change values in the input boxes above to calculate your specific properties.
Calculator, formulas, and numbers are sourced from Piper Sandler.
The Tax Rate Impact Calculator is provided for informational purposes only and is intended to estimate the potential property tax impact based on current assumptions. Actual tax impacts may vary based on final bond issuance details, interest rates, property valuations, assessments, and other factors. Individual property owners should consult their property tax statement, county assessor’s office, or personal tax advisor/accountant for specific tax information.