Referendum Calculator

How will a potential Operating and/or Capital Referendum affect my annual property tax bill?

As a property owner in Kent County, Delaware, property taxes are partly comprised of a rate set by Capital to support our ongoing Educational Efforts, Capital Expenditures, and other items required to provide the best instructional education for our 6,500 (and growing) student population. You can look up your current tax assessment, which is based on your assessed property value, by visiting the Kent County Property Information page and entering the street address (or Owner Name, Tax Account Number, etc.) on the page provided. This information is provided directly from Kent County and the State of Delaware as part of their Open Government initiatives. Your properties assessed value can be found in the "assesment" section, under "Total" (See image below).

Image to show demo of finding total under TOTAL column on assessment page
This is an approximate representation of the average home in Capital School District.

Once you retrieve this information from the Kent County Properly Information Page,
enter it in the box below.

Enter your Assessed Property Value:
*Enter value in NNNNNNN format. Omit any non-numeric characters.

Ballot Question 1 - Cost of Capital Referendum
(Total local bond issuance $35,803,000 to receive the matching state portion of $63,649,778)


The table below shows the cost to a homeowner of a property valued at $ over the course of 5 fiscal years. This option is designed to fund the first step of the Facilities Master Plan for Capital at a minimum level necessary for construction of 2 new Middle Schools and Safety and Security improvements.

Fiscal Year Proposed Tax Rate Change Increased Cost to Property Owner Each Year
2020
0.0462
$
2021

0.0293

$
2022
0.0722
$
2023
-0.0027
$
2024
-0.0444
$

* Tax rates are estimates based on several factors including interest rates, bonds with twenty year maturity, assessed value of district, assessment to sales ratio, Kent County Impact fees, and a funding stream of four years. Any or all of these estimates could change resulting in alterations to the tax rate. Cost figures are rounded to two decimal places during calculation.

- OR -

Ballot Question 1 and Question  2 - Cost of Capital Referendum with Enhancements
(Additional $11 million Enhancement plus $500k in minimal Central Renovation.
Total local bond issuance of $47,303,000 to receive the matching state portion of $63,649,778.)


The table below shows the cost to a homeowner of a property valued at $ over the course of 5 fiscal years. This option would be similar to the above proposal, but with enhancements to the middle school program for increased value in construction purchases, like a geothermal heating system, and other building improvements to provide an advanced set of middle schools for Capital students and staff.

Fiscal Year Proposed Tax Rate Change Increased Cost to Property Owner Each Year
2020
0.0462
$
2021

0.0865

$
2022
0.0861
$
2023
-0.0009
$
2024
-0.0465
$

* Tax rates are estimates based on several factors including interest rates, bonds with twenty year maturity, assessed value of district, assessment to sales ratio, Kent County Impact fees, and a funding stream of four years. Any or all of these estimates could change resulting in alterations to the tax rate. Cost figures are rounded to two decimal places during calculation.

- PLUS -

Ballot Question 3 - Cost of Operating Tax Increase (Current Expense)

The table below shows the cost to a homeowner of a property valued at $ over the course of 5 fiscal years.

Fiscal Year Proposed Tax Rate Change Increased Cost to Property Owner Each Year
2020
0.1200
$
2021

0.1200

$
2022
0.0300
$
2023
0.0400
$
2024
0.0500
$

* Tax rates are estimates based on several factors including interest rates, bonds with twenty year maturity, assessed value of district, assessment to sales ratio, Kent County Impact fees, and a funding stream of four years. Any or all of these estimates could change resulting in alterations to the tax rate. Cost figures are rounded to two decimal places during calculation.

 

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