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Wyoming City Schools treasurer outlines $72.5 million primary-school bond and what it would cost homeowners
Summary
Wyoming City Schools district treasurer Ronda Johnson explained that the board placed a $72.5 million bond to build three K–4 schools on the Nov. 5, 2024 ballot, that ballot language will show 7.98 mills, and that a concurrent payoff of high-school debt will reduce the net new millage to 4.62 mills — an example homeowner would pay about $639 a year.
Ronda Johnson, district treasurer for Wyoming City Schools, explained on the district’s informational presentation that the board has placed a $72.5 million bond issue on the Nov. 5, 2024 ballot to finance construction of three new K–4 primary schools at the district’s existing sites.
Johnson said the ballot language will state “7.98 mills,” but added that the district is making a final payment on a 1998 high-school bond in December 2024. "When we make that final debt payment and that millage rolls off, 3.36 mills will roll off," she said, and that reduction will lower the net new millage related to the primary bond to 4.62 mills.
Johnson walked homeowners through how to calculate the expected tax impact: use the Hamilton County Auditor’s property-search tool to find a property’s market value, multiply by the statutory assessment ratio (35 percent) to get an assessed (taxable) value, then apply the net millage to that assessed value to estimate the annual increase. In her numerical example, a $395,000 market value results in an assessed value of $138,250; applying 4.62 mills yields an annual tax increase of about $639, or roughly $53 per month for that property.
The treasurer emphasized that the ballot figure (7.98 mills) is the gross millage voters will see on Nov. 5, 2024, and that the district’s simultaneous payoff of the older high-school debt is what produces the lower net burden residents would actually incur once the roll-off occurs in December 2024.
Johnson invited residents with questions about navigating the auditor’s site or performing the calculation for their own property to contact her at the end of the presentation.
The board’s bond placement is scheduled for the Nov. 5, 2024 ballot; no vote result was recorded in this presentation.
