School City of Hobart District Seal

School City of Hobart

Lake County, Indiana

The locally elected Board of School Trustees of the School City of Hobart is asking for your support for additional investments in our community. These investments are designed to allow the School City of Hobart to continue to offer the high quality educational opportunities that our young people deserve.  These investments will improve the quality of life in our community and will help protect your property values.

Estimated Impact of the Proposed School Construction + Operational Referendum
Terry D. Butler, Board PresidentKaren Robbins, Board Member
Rikki Guthrie, Board Vice PresidentDonald H. Rogers, Board Member
Michael J. Rogers, Board SecretaryMichael J. Rogers, Board Secretary
Dave Bigler, Board Member
Dr. Peggy Buffington, Superintendent






 Est. Maximum Next Change in
Debt Service Tax Liability
(change from actual 2016 to est. 2019)
How to find your Gross Assessed Value:
  1. Visit the Lake County Assessor's
    website and look for your Property
    Record Card.

    http://in-lake-treasurer2.governmax.com/
  2. Refer to your Annual Tax Statement
    from the County Treasurer, Table 1
    Line 1a.
Est. Net Change in Debt Service
Tax Liability Due to 2019 Scheduled
Circuit Breaker Exempt Debt Roll Off
(change from actual 2016 to est. 2020)

Monthly:
Annually:

Estimate Tax Rate Impact of the Proposed School Construction + Operational Referendum

DescriptionExistingWith Referenda
2016 Debt Service Tax Rate1.68711.6871
Est. Increase From Operational Referendum0.2460
+1.9331
Est. Next Change To Debt Service Date Due
  to Construction + Operational Referendas0.2460

Notes:
  1. This results of this calculator will differ from the calculator found on the Indiana Department of Local Government Finance's ("DLGF") web page. The DLGF's calculator will only present the maximum rate of $0.246 for the operational referendum and $0.800 for the construction referendum, without accounting for the 2020 roll off of exempt debt. The above calculator attempts to present the complete picture; reflecting the reduction of future debt due to the prior bond refunding, the repayment of existing debt and the impact of the 2020 roll off of exempt debt.
  2. The total tax rate includes tax rates of other taxing districts in addition to the school corporation. The referenda liability will change in relation to changes with other overlapping and underlying tax district changes.
  3. Real property assessments are adjusted annually due to changes in market conditions. The referenda liability will change in relation to changes in parcel gross assessed values.
  4. Homestead parcels are assumed to have homestead and supplemental homestead deductions.
  5. Mortgate deductions are only available to homestead parcels.
  6. For simplicity, local income tax property tax credits and/or over 65 credits have NOT been included in the tax calculator estimate and your actual tax bill may be less than what is estimated here.
  7. The Maximum Net Change In Combined Debt Service Tax Liability represents the estimated change in 2019 vs. the actual liability in 2016, when the repayment of debt is to begin (upper right of calculator).
  8. The tax liability related to when circuit breaker exempt debt is scheduled to roll off, as dictated by State law, represents the estimated impact in 2020 vs. the actual liability in 2016 (lower right of calculator). The change is due to more parcels reaching circuit breaker protection due to reduced circuit breaker exempt debt.
Gross Assessed Value [GAV]0.00
Homestead 6% [HS6]0.00
Homestead Standard [HSS]0.00
Homestead Deduction [HSD]0.00
Homestead Deduction Accessed Value[DAV]0.00
Homestead Deduction AV <600,000 Extra 35% [Tax35]0.00
Homestead Deduction AV >=600,000 Extra 25% [Tax35]0.00
Homestead Mortgage Exemption [MTGD]0.00
Net Accessed Value All Deductions [NAV]0.00
Gross Tax Rate Gross >=2020 [TRG]0.00
Circuit Breaker Tax Rate (HS=.01, noHS=.02) [TRCB]0.00
Circuit Breaker [CB]0.00
 
Exempt Tax Rate <2020 [TRET1]0.00
Exempt Tax <2020 [ET1]0.00
Gross Tax Rate <2020 [TGR1]0.00
Gross Tax <2020 [GT1]0.00
Tax Cap <2020 [TC1]0.00
Actual Tax <2020 [AT1]0.00
 
Exempt Tax Rate >=2020 [TRET2]0.00
Exempt Tax >=2020 [ET2]0.00
Gross Tax Rate <2020 [TGR2]0.00
Gross Tax >=2020 [GT2]0.00
Tax Cap >=2020 [TC2]0.00
Actual Tax >=2020 [AT2]0.00
 
Tax change Annual <2020 to >=2020 [TC3]0.00
Tax change Monthly <2020 to >=2020 [TC3m]0.00