WHAT WE PLAN TO DO:
New Junior High School and High School Classrooms
Funds from the bond will build a new junior high school as well as 18-24 new classrooms in both
Reconfigurations Will Better Utilize Available Space
Reconfiguration of Ridgeview JH to Create More Space for Elementary and Middle Schools.
Ridgeview JH renovations will create a building with separate K-4 Elementary and 5-6 Middle School
Flexible Learning Updates
All buildings will receive some updates to accommodate
flexible learning environments.
WHY IS THE BOND ISSUE NEEDED?
The proceeds from the bond issue will be used to address the rapid growth in student population by constructing new facilities and expanding existing facilities. District enrollment is forecasted to increase by nearly 1,000 students by the 2027-2028 school year, and nearly every building in the district will be over capacity by that time!
WHAT WILL THIS COST ME?
The district estimates that the pasage of this levy will not increase tax rates (measured in mills) for our residents. Because propery valuations are increasing by at least 25% for 2022, and due to the structure of the proposed new debt, we forecast the County Auditor will actually be able to decrease tax rates by 1/2 of a mill!
Information Regarding the Levy!
Tax Rates Explained!
Increases in Home Values Don’t Equal the Same Increase in Taxes — Here’s Why
By CFO/Treasurer Ryan Jenkins
As home values appreciate in the district, tax rates are reduced so that the aggregate tax collections for the school do not increase. The following graphic shows an assumed 24% increase in district taxable value, and the impact on 3 different homes. The graphic is showing ONLY taxes calculated for the district.
As the chart shows, 3 different homes appreciate at 3 different rates — Home A at 15%, Home B at 20%, and Home C at 30%. The taxes calculated for these homes in 2022 are shown at the bottom of the chart.
Although home values are increasing, the calculated taxes are not increasing by the same amount. In fact, Home A's tax bill would fall by 1.37%; Home B's tax bill would only increase 2.91%; and Home C's tax bill would increase 11.49% even though Home C's value increased by 30%. That's because the tax rate falls from 34.769 mills (or $1,217 annually per $100,000 of market value) to 29.784 mills (or $1,042 annually per $100,000 of market value). So, while market values increase by 24%, tax rates will fall by 14.4%.
What does this mean for the Pickerington Schools 2.80 mill bond issue that is on the November 8, 2022 ballot? Even though the levy is a new levy, the existing millage for aggregate bond collections, even if the bond issue passes, is forecasted to fall by ½ a mill. This will make the new levy ‘feel’ like or be similar to a renewal in that tax rates won’t increase while the community continues its commitment.
REQUEST A YARD SIGN
Help us in our efforts to give Pick kids room to safely learn and grow. Request a yard sign and let us know where you've placed it! We just may take a picture and feature it on our website. Thank you for your support!