Fiscally Responsible
What is the estimated tax impact?
Approval of the $71,575,000 bond referendum question would result in an estimated tax increase of $142 annually (Or $11.83 per month) for every $100,000 of property value over the current tax rate. For example, a home with a property value of $200,000 may see an estimated tax increase of $284 annually (Or $23.66 per month).
history in the making
Marshfield school district property tax rate hits historic low in 2023
The property tax rate for the Marshfield School District hit a historic low in 2023. This tax rate, or “mill rate,” is the amount a public school district can levy for every $1,000 of property value on properties located within a school district’s geographical boundaries.
With the current tax rate of $5.11 in Marshfield, for example, a property valued at $200,000 would pay $1,022 for the school district portion of its 2023 property tax bill. As depicted in the tax rate comparison chart, the Marshfield School District’s tax rate of $5.11 is the lowest in the area and continues to be historically low when compared to the average mill rate statewide.