Southern Local Schools Bond Issue Informational Presentation Bond

Southern Local Schools Bond Issue Informational Presentation

Bond Issue Basics The bond issue is for 2. 7 mills This will generate $3, 950, 000. 00 of an $11, 360, 108. 00 project Tax payments would not begin until tax year 2013 District could qualify for Qualified School Construction Bonds at 0% interest The state is putting up $7, 410, 108. 00

Additional Cost Information Question: How do I know what number to use of my tax card to determine what the bond issue would cost me per year? Answer: ◦ Look at your tax card and reference the same area that is circled. You can the refer to the chart on the following slides to calculate your tax.

Additional Cost Information This is the 100% Appraisal Value

How Much Will This Cost Me? Tax Cost in Dollars for people under 65 with Homes Ranging from $25, 000 - $100, 000 County Appraisal Daily Cost Weekly Cost Monthly Cost Semi-Annual Cost $25, 000 $0. 06 $0. 40 $1. 72 $10. 31 $20. 61 $30, 000 $0. 07 $0. 48 $2. 06 $12. 37 $24. 74 $35, 000 $0. 08 $0. 55 $2. 40 $14. 43 $28. 86 $40, 000 $0. 09 $0. 63 $2. 75 $16. 49 $32. 98 $45, 000 $0. 10 $0. 71 $3. 09 $18. 55 $37. 10 $50, 000 $0. 11 $0. 79 $3. 44 $20. 61 $41. 23 $55, 000 $0. 12 $0. 87 $3. 78 $22. 68 $45. 35 $60, 000 $0. 14 $0. 95 $4. 12 $24. 74 $49. 47 $70, 000 $0. 16 $1. 11 $4. 81 $28. 86 $57. 72 $90, 000 $0. 20 $1. 43 $6. 18 $37. 10 $74. 21 $100, 000 $0. 23 $1. 59 $6. 87 $41. 23 $82. 46

How Much Will This Cost Me? Tax Cost in Dollars for people 65 and over with Homes Ranging from $25, 000 - $100, 000 County Appraisal Daily Cost Weekly Cost Monthly Cost Semi-Annual Cost $25, 000 $0. 00 $30, 000 $0. 01 $0. 08 $0. 34 $2. 06 $4. 13 $35, 000 $0. 02 $0. 16 $0. 69 $4. 12 $8. 27 $40, 000 $0. 03 $0. 24 $1. 03 $6. 18 $12. 40 $45, 000 $0. 05 $0. 32 $1. 37 $8. 25 $16. 54 $50, 000 $0. 06 $0. 40 $1. 72 $10. 31 $20. 67 $55, 000 $0. 07 $0. 48 $2. 06 $12. 37 $24. 81 $60, 000 $0. 08 $0. 55 $2. 40 $14. 43 $28. 94 $70, 000 $0. 10 $0. 71 $3. 09 $18. 55 $37. 21 $90, 000 $0. 15 $1. 03 $4. 47 $26. 80 $53. 75 $100, 000 $0. 17 $1. 19 $5. 15 $30. 92 $62. 02

Additional Cost Information What is the Homestead Exemption? ◦ The redesigned exemption offers Seniors and disabled Ohio homeowners, regardless of income, the opportunity to shield up to $25, 000 of the market value of their homestead from property taxation. ◦ That means a home valued at $100, 000 will generally be taxed as if it was valued at $75, 000.

Additional Cost Information How can I receive the Homestead Exemption? ◦ Seniors and disabled Ohioans must apply with their local county auditor in order to take advantage of the homestead exemption. ◦ Applications can be submitted in any year after the first Monday in January and on or before the first Monday in June. Homestead Exemption Application

Additional Bond Issue Information Collection of taxes would not start till tax year 2013 Southern Elementary will be paid for in 2021 Southern Local could qualify for some school construction bonds that carry no or low interest.

Conceptual Site Plan

Voting Information �Voter Registration ◦ Voters must be registered by July 5, 2010. ◦ You may register to vote at one of the following locations: �Office of the Meigs County Board of Elections. �Any Public Library. �Any Public High School or Vocational School. �Any Office of the Bureau of Motor Vehicles. �Any offices of designated agencies which provide public assistance or disability programs. ◦ Or : �Call the Meigs County Board of Elections at 740 -992 -2697 and ask that a Voter Registration Form be mailed to you. Complete the form and return to the Meigs County Board of Elections office.

Voting Information Absentee Ballot Information: ◦ How do I apply? You may appear in person at the Board Office, apply and vote approximately 35 days prior to an election. You may print and complete the application for an absentee ballot available online and mail it to the Board of Elections. Absentee Ballot Online Application You may call the Board of Elections and request that an application for an absentee ballot be mailed to you.

Contact Information For any questions or concerns not addressed on the postcard mailer or in this Power. Point, please contact Tony Deem, Superintendent of the Southern Local School District. ◦ Tony. Deem@southernlocal. net