Alexandria Community

Illustrative Impact of the Proposed School Capital Referendum on Property Tax Bills

Assessed Value Inputs

Enter Gross Assessed Value:
Is this a Homestead property?
Yes   No
Please visit the Madison County Assessor's website to find your Gross Assessed Value. This will be located on the Property Record Card.
From your Annual Tax Statement from the County Treasurer, TABLE 1, Line 1a.
the Madison County Treasurer's Tax List

Calculated Tax Bill Increase from the Proposed School Capital Referendum with a Tax Rate of $0.5000

Monthly Referenda Tax Liability:
Annual Referenda Tax Liability:


  1. Assessments are adjusted annually due to changes in market conditions. The referenda liability will change in relation to changes in parcel gross assessed value.
  2. Homestead parcels are assumed to also have a mortgage deduction.
  3. For simplicity, the local homestead credit, which changes annually, is omitted from this calculation.
  4. The tax liability is shown for the maximum year of repayment for the capital referendum, which assumes twenty years of repayment. As bonds are issued and repaid, in some years the tax liability may be less than the maximum.