Onaway Area Community School District Operating Tax Levy Proposal (May 2013)
If approved, this measure autorizes the Onaway Area Community School District to renew and increase an operating property tax levy at a rate of 18.6574 mills ($18.6574 per $1,000 of assessed valuation) for 10 years. 18.1574 mills of this tax is a renewal of a previously expired tax levy while the remaining 0.5 mill is a tax increase. The estimated first year revenue from this combined tax levy is $2,531,941.
Text of measure
Language on the ballot:
|“||Shall the currently authorized millage rate limitation of 18.1574 mills ($18.1574 on each $1000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Onaway Area Community Schools, Presque Isle and Cheboygan Counties, Michigan, be renewed, and increased by .5 mill ($0.50 on each $1,000 of taxable valuation), for a total authorized millage rate limitation of 18.6574 mills ($18.6574 on each $1,000 of taxable valuation), for a period of 10 years, 2014 to 2023, inclusive, to provide funds for operating purposes (18,1574 mills of the above is a renewal of millage which will expire with the 2013 tax levy, and .5 mill is an increase of millage which will be levied only to the extent necessary to restore millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect if the millage is approved and levied in 2014 is approximately $2,531,941?||”|
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- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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