Ehlers & Associates, Inc.
School District of Milton

School District of Milton
Property Tax Information Site

This site provides information for taxpayers of the School District of Milton regarding how the district's proposed bond referendum will affect their property taxes. The site was prepared by the school district's financial advisors, Ehlers. If you have questions about the information on this site, you may call Ehlers at the phone number listed below.

About the Referendum

The district will have two questions on the ballot for the November 8, 2016 general election, seeking voter approval for an operating referendum to exceed the revenue limit and to issue a bonds for capital improvements.

Ballot Question 1 authorizes the District to exceed the revenue limit under Section 121.91 of the Wisconsin Statutes by an amount of $2,500,000 each year for 5 years, beginning with the 2016-17 school year, for the purpose of paying ongoing educational programming, staffing and maintenance expenses.

Ballot Question 2 authorizes the district to issue General Obligation Bonds in an amount not to exceed $87,000,000 to build a new high school building, conversion of the current high school to the middle school, renovations and improvements to provide for reconfiguration of grade levels at all District schools, and improvements consisting of ADA accessibility requirements, safety, security and capital maintenance at District facilities.

The proposed bond issue will be repaid over 20 years, affecting property taxes beginning with 2017 taxes (payable in 2018) through 2036 taxes (payable in 2037). To estimate the tax impact of the proposed bond issue on your 2016 taxes, follow one of the options below.

Determining Your Property Value

Before you begin, we suggest that first you find your most recent tax bill. It is titled "State of Wisconsin Real Estate Property Tax Bill for 2015", mailed by your local municipality in December of 2015.

The tax impact of the proposed bond issue will begin with 2017 property taxes (payable in 2018) property taxes, which will be based on the 2017 total assessed value of your property. Since the 2017 assessments are not available at this time, you should use 2015 property values to estimate the tax impact on your property, and adjust the value accordingly.

To estimate the tax impact, the total estimated fair market value of your property from your State of Wisconsin Real Estate Property Tax Bill for 2015 can be used. You will find your fair market value listed as "Total Est. Fair Mkt."" on your tax bill. Please note that we will not be using the "Total Assessed Value", which is also included on your tax bill.

On your Real Estate Property Tax Bill for 2015, you will find your property values that appear similar to the following:

Please note that the format each municipality uses for their tax bills may vary, but they all contain the Fair Market Value.

Option 1: Use the Tax Impact Chart

You can use a tax impact table to get a quick estimate of the tax impact on your property. Locate the equalized, or market, value of your property as listed under "Total Est. Fair Mkt." value on your tax bill. Simply find the value in the left hand column of the chart that best approximates the fair market value of your property. To view the tax impact table, click here.

Option 2: Use the Ehlers Tax Calculator

For a more precise estimate of the tax impact, enter the equalized, or market, value (labeled "Total Est. Fair Mkt." on your tax bill). Enter this value below to see the estimated tax increase for your property.

(See your 2015 tax bill)

All property tax impact calculations are estimates.

Property tax impact calculations of the election are estimates for the initial year of the operating referendum and the bonded debt only, and do not included tax levies for other purposes. The actual tax amount associated with the successful passage of this referendum will vary based on the following factors:

  • Actual debt costs, determined at the time of the bond sale
  • Actual level of state aid that the District qualifies for as certified by the State in October of each year
  • Actual fair market value of your property
  • Changes in equalized values of other property within the municipality
  • Economic development within the school district boundaries.

Deductibility of Property Taxes for State and Federal Income Taxes

If you itemize deductions for federal income taxes, you may deduct property taxes paid. Therefore, any increase in property taxes resulting from the proposed bond issue will reduce your income tax liability.

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