The Mukwonago Area School District has demonstrated a history of fiscal responsibility. The district's mill rate has been below the state average for 36 years and is currently at its lowest rate in history.
Despite the low funding rate, the district has repeatedly produced balanced budgets, proactively set aside funding at the beginning of school years for known building needs, and has reserved year-end surpluses for future capital needs. This fiscal responsibility has allowed the district to pay off debt from the 2016 Mukwonago High School project ahead of schedule, saving taxpayers millions of dollars in future interest costs and allowing the district to be on track to pay off the debt early. This provides an opportunity to address other needs in the district, including Phase 2 of the facilities master plan, at a lower tax impact for our community.
If approved, the $102,500,000 referendum would result in a mill rate increase of $0.69 per $1,000 of fair market property value, or $69.00 per $100,000. The tax would begin with the fall tax levy in 2024 and would appear on the next property tax statement at the end of 2024. The tax would continue for 21 years.
To calculate your estimated tax impact, use the calculator below.
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