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What is this “taxable value” that I keep hearing about and how do I calculate it? How much is this going to cost me?



The amount you will pay for if these bond measures are passed will be based on your “taxable value” of your property. To calculate an estimate of what the taxes will be, please go to the following website (http://svc.mt.gov/dor/property). Once there, type in your address or name to find your property. This will tell you your “taxable value” of your property.



Use the following formula to calculate the tax increase you have for the year.

Taxable Value x Mills

1000



To find the Mills, please use the following Estimates that we got from the state:

High School District (Property in just the HS District):

Mills = 77.91

High School and Elementary District(property in the Elementary District):

Mills = 225.98



Example: if you have a taxable value of $1,350 and live in the Elementary School District, your calculation is below:

Taxable Value x Mills

$1,350 X 225.98 = 305,073

Now take that number and divide it by 1000

305,073 /1000 = 305.073



This means that your YEARLY taxes will increase by about $305.07.

Monthly (about) = $25.42

Daily (about) = $.82



Questions? Please Contact:

Stephen Schreibeis at 406-377-5339 or schreibeiss@glendiveschools.org