On May 2, 2023 the Buchanan Community Schools residents will have an opportunity to vote on a bond proposal. It would provide $34,756,000 for building and site improvements to address identified and ongoing facility projects based on facility assessments and community input and align grade levels based on similar growth and development stages.
Leader Publications: “Buchanan Community Schools releases facts, information website for 2023 bond proposal”
Herald Palladium: “Buchanan schools advocate for $35M bond“
Use the tiles below for more details.
Use this link to view the most updated referendum update presentation.
The estimated millage that will be levied for the proposed bonds in 2023, under current law, is 3.20 mills ($3.20 on each $1,000 of taxable valuation). The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is twenty-four (24) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.75 mills ($3.75 on each $1,000 of taxable valuation).
May 2023 Bond Proposal Estimated Impact on Taxpayers – 2 Mill Increase from Current Levy |
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Taxable Home Value* |
Approximate Annual Impact |
Approximate Monthly Impact |
Approximate Daily Impact |
$50,000 |
$100.00 |
$8.33 |
$0.27 |
$60,000 |
$120.00 |
$10.00 |
$0.33 |
$70,000 |
$140.00 |
$11.67 |
$0.38 |
$80,000 |
$160.00 |
$13.33 |
$0.44 |
$90,000 |
$180.00 |
$15.00 |
$0.49 |
$100,000 |
$200.00 |
$16.67 |
$0.55 |
$110,000 |
$220.00 |
$18.33 |
$0.60 |
$120,000 |
$240.00 |
$20.00 |
$0.66 |
$130,000 |
$260.00 |
$21.67 |
$0.71 |
$140,000 |
$280.00 |
$23.33 |
$0.77 |
$150,000 |
$300.00 |
$25.00 |
$0.82 |
$200,000 |
$400.00 |
$33.33 |
$1.10 |
$250,000 |
$500.00 |
$41.67 |
$1.37 |
*Taxable Value= Approximately ½ of Market Value
Use the Tax Calculator below to estimate the net tax increase after consideration for the Michigan Homestead Tax Credit that may be applicable to some Taxpayers. Taxes may go up further than indicated due to increases in taxable value year over year.
Paid for by Buchanan Community Schools
Central Offices
401 W Chicago St
Buchanan MI 49107
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