Cost of Bond Levy Lower than Campaign Estimates

During the Perrysburg Schools bond issue campaign in 2014 to construct a new intermediate school, it was projected that on January 1, 2016, the net increase to taxpayers would be 1.09 mills and the total millage rate for the bond that passed would have been 5.59 mills.

Because the district was aggressive in selling the bonds early and taking advantage of more favorable interest rates, the actual amount that will be levied on January 1 will be 5 mills. On a $200,000 home, this means the projected annual increase of $66.78 will now actually be $30.64 — a savings of $36 per year to owner of a $200,000 home.

“We’re delighted to announce to our taxpayers that more of their hard-earned money will stay in their own pockets, thanks to some strategic decisions made by the Board and district leaders,” stated Jarman Davis, Board President.