The Investment

Understanding the Mill Rate

Financial Impact on the School District and Community: The proposed $87 million facilities referendum will impact the mill rate by $0.12 per $1,000 of property value. This means for a property valued at $100,000, there will be a $12 annual increase, and for a property valued at $200,000, the increase will be $24 per year.

A 0.12 mill rate impact translates to:

• $12 increase per year for a $100,000 property
• $24 increase per year for a $200,000 property

Sparta's Unique Financial Position: Compared to other area districts, Sparta stands out due to our low mill rate (as compared to the state avaerage) and high state aid funding.The school board has strategically managed the local tax levy by carefully monitoring our spending while taking efforts to maximize the state aid we receive. The largest tool we have to maximize our state aid is to pay off debt on time and even ahead of schedule, this results in significant savings as well as lowers future tax levies.

Tax Impact Chart

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