Historic Debt Tax Rates
Shelby Public Schools property owners are currently paying the lowest debt tax rate in recent history due to previous bond debt being paid off. If the 2021 bond proposal is approved by voters, the debt tax rate is estimated to be near the district’s 2009 rate.
Key Financial Points
It is projected that the debt tax rate would increase by approximately 2.32 mills in the first year over the district’s
current debt tax rate. This equals approximately an additional $116.00 per year for each $50,000 in taxable value of your home.
Comparative District Tax Rates
Shelby Public Schools currently levies one of the lowest debt and sinking fund combined millage rates compared to neighboring districts. (Shelby does not levy a sinking fund millage). If approved by voters, the District would still remain in the lower half of these districts.
Follow the link below to access a tax calculator, which will provide an estimate of the impact this bond proposal would have on your taxes.