Tax Information

The graph below outlines estimates of the tax increases you will see if the bond issue passes. If approved, the bond will allow the School District to levy a maximum of $2.70 per $1,000 of taxable value of your property. See below to better understand taxable value.

Residential Property

Note: 20 year average. Taxable Property Value based on 2015 rollback of 55.6259%

Note: 20 year average. Taxable Property Value based on 2015 rollback of 55.6259%

Ag Land Property

Note: 20 year average. Taxable Property Value based on 2015 rollback of 46.1068%  

Note: 20 year average. Taxable Property Value based on 2015 rollback of 46.1068%

 

Will I be taxed on the full assessed value of my home?

Property owners are not taxed on the full assessed value of their property. The Code of Iowa provides for the reduction of property tax valuations according to assessment limitations to cushion the impact of inflation.  This is commonly referred to as a rollback.

The 2015 rollbacks were 46.1068% of the value of ag land realty and 55.6259% of the value of residential realty.  That means if the assessed value of your home was $100,000 you would only be taxed on $55,625.90.

Where can I find the taxable value of my property?

You can find the "Taxable Value" of your property on one of these websites.

Once on these sites you can search for your property by address or property owner. Once you find your property scroll down to the "Taxation" section.

Bremer County Sample

Black Hawk County Sample

The bond would be for 20 years, with provisions to pay it off early. The tax impact would begin FY 2017.

How does Janesville's school tax rate compare with other communities?