Estimated Tax Impact
The Central City Community School District is proposing a $7 million General Obligation (GO) Bond to fund improvements to school facilities. If approved, the estimated tax impact for property owners would be:
$2.70 per $1,000 of taxable property value
That means for every $100,000 of taxable value, the annual tax increase would be about $270 — or roughly 75¢ per day.
Stable and Responsible Tax Rate
The district has worked carefully to manage its tax rate over time.
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The overall school tax rate has declined from $17.60 to $13.46 per $1,000 over the past five years.
With the new bond, the total projected rate in FY2026 would be about $16.00 per $1,000, still below past levels.
The district’s plan includes options to pay off the debt early, saving interest costs and potentially reducing the levy sooner.
Fiscal Stewardship
The District has a proven record of financial responsibility:
No current bond debt — previous bonds were fully repaid early.$360,000 in interest savings achieved through refinancing.
Future opportunities to surplus levy could shorten repayment and reduce total costs.
Regional Comparison
Even with the new bond, Central City’s overall school tax rate remains competitive with neighboring districts:
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Security • Safety • Accessibility
The bond proposal is designed to invest in our schools without dramatically increasing tax rates. Central City continues to deliver quality education and facility improvements while keeping taxes affordable and predictable for local residents.