PROPERTY TAX IMPACT
The ADM Board of Education remains committed to ensuring a stable tax rate for the community. Even with an approved bond, we do not expect property taxes to increase significantly.
The board respects the needs of our property taxpayers as we work to meet our current and future facility needs.
The chart below provides a 15-year history of ADM’s overall tax rate and reflects the Board’s commitment to a stable tax rate:
The bond for the projects associated with the November 7 vote will be assigned to ADM’s debt service levy. This is one part of the total school tax rate, which also includes levies for ADM’s General, PPEL, and Management funds. Each of the levies independently increases or decreases annually and, when combined, they form the overall school tax rate.
The new projects identified in ADM’s 10-year master plan are anticipated to extend the debt payment of the district an additional 11 years (through 2051), from the current final payoff date of 2040. The election on November 7 simply allows the district to use the funds generated from this levy to pay the new debt from the projects on the ballot.