Laurel High student reps detail tax impact of proposed $63 million school bond

Chase and Michael, student board representatives for Laurel High School, described the estimated tax impact of a proposed $63 million, 20-year general obligation school bond, saying the district estimates the measure would require about 77.8 mills.

The presenters said that under the district's calculations, a home with a market value of $100,000 would see an estimated increase of about $59 per year (roughly $4.93 per month), while a $200,000 home would face about $118 per year ($9.85 per month). They gave further examples: about $177 per year ($14.78 per month) on a $300,000 home; about $236 per year ($19.71 per month) on a $400,000 home; and about $322 per year ($26.84 per month) on a $500,000 home.

The students said these figures are based on current projections of interest rates and the district's total taxable value, which they stated is estimated at about $60.7 million. They cautioned that actual impacts could vary if property values or tax rates change, framing the numbers as general estimates rather than exact charges.

"The $63 million bond would require about 77.8 mills," the student representatives said, and explained that a mill is the standard unit used to calculate property taxes. They closed by urging community members to stay informed and to ask questions of district officials for more details.

No formal vote or official school board action is recorded in this transcript; the presentation appears to be informational.