Oakwood Schools treasurer details homeowner impact of $40 million bond on May 6 ballot

Laura Saber, treasurer for Oakwood Schools, released a short informational video explaining how a proposed $40 million Phase 2 facilities bond would affect homeowners if placed on the May 6 ballot.

"The total cost of the master facility Phase 2 plan is $40 million," Saber said, and she said the district's Board of Education "approved a 4.74-mill bond issue to be placed on the May 6th ballot." She framed the video as factual information, not an advocacy message for or against the measure.

Saber gave a simple formula homeowners can use to estimate their annual cost: multiply the market value of the property by 35 percent to get the assessed value, divide that number by 1,000 and multiply by the 4.74-mill levy. "The annual cost to a homeowner is $165.90 per $100,000 of home value," she said, and walked through an example using Oakwood's average home value.

Using a $380,000 home as the example, Saber calculated the assessed value at 35 percent and said the resulting annual tax under the 4.74-mill levy would be $630.42. She told viewers to visit the Montgomery County auditor website or scan the on-screen QR code to find their most recent property value and complete the calculation.

The district did not provide vote tallies or motion text in the video; Saber stated only that the Board approved placing the 4.74-mill bond issue on the May 6 ballot. If approved by voters, the levy would fund the Phase 2 master facility plan described by the district.

The video closes with a thank-you and contact directions; the next procedural step is the May 6 ballot vote.