The Knoxville Community School District has provided information on how the potential new elementary school bond could affect property taxes.

In November, citizens that reside in the Knoxville Community School District will be asked to vote on the final third of funding for a new elementary school to be constructed in the Veterans District. This vote will be for $12.4 million in general obligation school bonds. A Northstar Elementary task force was assembled in the spring to help determine the future of the building. The task force was assembled to meet and decide whether the district should renovate the current facility or build a new school on land reserved in the Veterans District. The three options the task force considered were to fix highest priority areas of the current building, a complete renovation of the facility, or sell it and build brand new. All 18 members of the task force voted, with 17 of them voting to build new and then they presented a recommendation to the school board.

According to the district, the maximum possible tax impact from an approved bond issue in November would be $0.43 per $1,000 of taxable property value. For a home in the Knoxville Community School District worth $200,000, this would amount to approximately $38.71 per year. The goal of the Knoxville School Board and administration is for the proposed bond to be tax-neutral, which is in line with current financial projections.

Find a property tax calculator and more information about the potential tax impact at https://www.knoxvillebond.org/taxes.