Monroe County Community School Corporation


Monroe County, Indiana

Estimated Impact of the Proposed
Increase to current School Operating Referendum rate

(Rate proposed to increase from $0.0905 to $0.1850)1

2022 Net Property Tax Liability Inputs

Select Tax District:

Enter 2022 Gross Assessed Value by Property Type:

Primary Residence - Homestead: 1% Cap

Primary Residence - Apply Mortgage Deduction?

Other Residential, Rental, Agricultural, Long-Term Care: 2% Cap

Non-Residential, Commercial, Industrial, Personal: 3% Cap
Please visit the Monroe County Assessor's website to find your Gross Assessed Value.
This will be located on the Property Record Card.
From your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a.

Estimated 2023 Property Tax Bill

Total Gross Assessed Value2   
 Less: Homestead Deducation3   
 Less: Supplemental Homestead Deducation3   
 Less: Mortgage Deduction 3   
  Total Net Assessed Value ("NAV")3   
  Multiplied by: District Tax Rate per $100 of NAV4
   Gross Property Tax Liability   
   Less: Local Property Tax Replacement Credits5   
   Less: Circuit Breaker Tax Credits6   
    Net Property Tax Liability (Annual)   
    Net Property Tax Liability (Monthly)   

Estimated Net Change to 2023 Tax Bill Resulting From the
Increase to current certified School Operating Referendum rate of $0.0905

(Budget Year 2022 to Budget Year 2023)1

Tax Rate
  Annual Referendum
Property Tax Liability
  Monthly Referendum
Property Tax Liability
Proposed Continued Operating Referendum - 20231:
Less: Existing Operating Referendum - 20221:
Estimated Net Change


  1. The proposed operating referendum tax rate of $0.1850 would increase the existing operating referendum rate of $0.0905 for eight (8) years, resulting in an estimated annual net tax rate impact of $0.0945 in 2023. The existing operating referendum was originally approved for a rate not to exceed $0.1402 in November 2010 and renewed for a rate not to exceed $0.1150 in November 2016.
  2. Real property assessments are adjusted annually due to changes in market conditions. Taxpayer liability will change in relation to changes in parcel gross assessed value.
  3. Homestead parcels are assumed to have homestead, supplemental homestead and mortgage deductions. Assumes no deductions for non-homestead properties.
  4. Calculations are based upon the pay 2022 certified district tax rates, per the 2022 Monroe County Budget Order, plus the proposed increase in referendum rate of $0.0945.
  5. Assumes local property tax replacement credits for homestead properties in the amount of 3.2654%, per the Monroe County Auditor's office. Local property tax replacement credits are not applied to Operating Referendum tax rates, per Indiana Code: 6-3.6-5-6.
  6. Assumes 1%, 2% and 3% tax caps as applicable.
For illustrative purposes only. Actual results may vary.