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Example of Tax for a New Library District

According to David Thunell, Grant County has not reached the Measure 5 limit on taxed millage. Thus, the existing millage will not be compressed, and voters must approve both the special library district and a likely $0.35 per $1,000 millage increase. Below is an example of what that would mean for a residential lot in Prairie City.


Assumptions

  • Annual Library Budget: $250,000 (about $0.35 per $1,000 assessed value)
  • Example Property:
  • Assessed Value: $66,126
  • Real Market Value (RMV): $120,000
  • Taxes Paid in 2024: $983
  • Typical lot in Prairie City with 1100 sq.ft home in good condition

Calculations

  1. Millage is calculated on assessed value, not RMV:

  2. Prairie City 2024 Tax Rate:

    • $983 / $66,126 × 1,000 = $14.87 per $1,000 assessed value
  3. Library Millage Impact:

    • New tax rate: $14.87 + $0.35 = $15.22 per $1,000
    • Percentage increase: $0.35 / $15.22 = 2.3%
  4. Estimated Tax Increase:

    • 2024 taxes with library district: $983 × 1.022 ≈ $1,005 (about $22 increase)

County Assessor Response (David Thunell)

  1. Yes, property taxes are based on the assessed value of each property.
  2. Yes, the tax rate for Prairie City was $14.8715 per 1,000 of assessed value.
  3. $0.35 is just an estimate for the Library at this time, but yes, the tax rate would have been $15.2215 in 2024 if the library district was in place.
  4. In 2024, your taxes would have been $1,006.53 instead of $983.40.

Comparison to a "Rich" District (Deschutes County & Baker County)

Per Capita Library Revenue Comparison

County Deschutes County Baker County Grant County
Millage Rate $0.55 $0.60 $0.35
Total Tax Revenue $17.7 million $1.44 million $0.25 million
Population 211,535 16,484 7,093
Per Capita Revenue $83.67 $87.39 $35.25