How Much Will Issue 3 Cost?

  • The Board of Education has directed New Albany-Plain Local Schools to place a two year levy on the November 4th election ballot. The total of 8.9 mills is a combination of a 6.9 mill operating levy and a 2.0 mill permanent improvement levy.
     
    The cost per year to a homeowner is approximately $311 for every $100,000 of a home's market value.*
     

    Figuring Out The Amount Per $100,000 of a Home's Market Value

     
     House Graphic
     
    x
    =
    x
    =
    Market Value
    Assessed Value Rate 
    Taxable Value   
    Millage of Issue 3
    Total Tax Increase
     = $100,000 
    x 35%
    = $35,000
    x .0089
    = $311.50 per year
    ($25.96 per month)
     
    * Market value is determined by the Franklin County Auditor and can be found on the auditor's website.

The Cost of Issue 3 for Your Home

  •  If your home's market value is...  Your Yearly Total  Your Monthly Total
     $100,000  $311.50   $25.96
     $200,000  $623.00  $51.92
     $300,000  $934.50   $77.88
     $400,000  $1,246.00  $103.83
     $500,000  $1,557.50  $129.79
     $700,000  $2,180.50  $181.71
     $1,000,000  $3,115.00  $259.58
     $1,200,000  $3,738.00  $311.50 
     $1,500,000  $4,672.50  $389.38