Our Schools. Our Future. Vote YES on February 9, 2021 Financial Impact FAQ's On November 12, 2020, the BISD board of directors passed resolutions requesting renewal of an Enrichment & Operations Levy and a Technology Levy over the next three years, in the following total amounts: YearEnrichment & OperationsTechnology 2022$10.0M$2.5M2023$10.3M$2.5M2024$10.5M$2.5M How does that translate to tax rates? Estimated tax rate per $1000 Assessed Value. YearEnrichment & OperationsTechnologyTotal 2022$1.04$0.26$1.302023$1.06$0.26$1.322024$1.07$0.25$1.32 Tax rates assume a 1% annual growth rate in Assessed Valuation for the district. What about previous commitments? What is the total local school tax rate? Estimated tax rate per $1000 Assessed Value. YearCapital BondsCapital LevyEnrichment LevyTechnology LevyTotal 2022$1.09$0.26$1.04$0.26$2.652023$1.09$0.26$1.06$0.26$2.672024$1.10$0.25$1.07$0.25$2.67 What does that mean for the median home on Bainbridge Island?The median Assessed Value home on Bainbridge Island is currently $787,680. Using that figure, we estimate the total cost of local school taxes for the median home would be $2,087 in 2022. How does that compare to other districts?Here’s a look at what some comparable communities paid in 2020. Local DistrictMedian Home ValueLocal School Tax Rate per $1000 AVTotal Annual School Tax Rate Issaquah$830,000$3.50$2,911Bellevue$936,000$2.50$2,343Mercer Island$1,393,000$1.65$2,327Bainbridge Island$787,680$2.70$2,127 So, we’re higher than our neighbor across the bridge, but lower than other districts across the water with whom we like to compare ourselves.Zillow says my home value has increased by 15% last year. Will my tax bill go up that much, too? Not necessarily. First, taxes are calculated on the assessed value of your home, not the appraised value. Assessed values don’t fluctuate as wildly year-to-year. Second, the district asks the community for a total amount, and your portion of that amount will fluctuate based on the number of homes paying and on the value of your home relative to other homes in the community. It’s like a pie that’s being divided up among everyone in the community. If more homes are built, the pie will be cut into more pieces, and your slice will be smaller. It is important to note that the pie will never get bigger, but the size of your slice may change in value relative to others.Does the school district collect all of this money every year? Not always. When the legislature enacted the “McCleary fix” they set limits on how much local districts could collect for enrichment levies. The limit is the lesser of either $2.50 per $1000 AV or $2,500 per student. BISD qualifies for the latter and only collects $2,500 per student. As enrollment fluctuates, so does the amount the district can collect. For example, though voters approved an enrichment levy amount of $11 M in 2021, BISD will be collecting $9,830,165.The amount requested is the maximum that can be collected. It can never be more, and it could be less.Where can I find the full texts of the resolutions?You can find them here.When do we vote on this?The Kitsap County Auditor will mail ballots to voters in late January (approximately Jan 22, 2021). Completed ballots must be either:1. Dropped at a polling location before 8 pm on February 9, 2021or;2. Returned by mail in the postage-paid, supplied envelope postmarked by February 9. Please note that a stamp is NOT required.What if I’m not registered to vote? The deadline to register to vote is 8 days before an election. In this case, February 1, 2021.For more information on registering to vote in Kitsap County go here.