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Restoring Excellence CPS Bond Frequently Asked Questions

How does the sinking fund millage rates for the Restoring to Excellence bond resolution compare to other district rates?

Current Pre-Bond Election
 
Comparison of Sinking Fund Millage Rates
 
    FY2020-21   Oct. 2019
      School District      Millage Rate       Enrollment
Blanchard*   53.80   2,053
Newcastle   42.19   2,336
El Reno*   40.18   2,911
Deer Creek   36.03   6,872
Elgin*   34.96   2,412
Choctaw   33.97   5,735
Jones*   33.97   1,123
Bethany*   33.86   1,730
Bridge Creek*   33.52   1,674
Piedmont*   33.16   4,535
Tuttle*   32.90   1,964
Ninnekah*   30.75   531
Bartlesville   30.43   5,963
Sand Springs   30.31   5,064
Yukon   30.11   9,005
Mid-Del   29.93   14,207
Enid   28.61   7,803
Tulsa   28.38   38,509
Norman   27.90   16,289
Chickasha   26.94   2,195
Mustang   26.49   12,355
Moore   26.21   24,961
Putnam City   25.70   19,652
Stillwater   24.27   6,312
Muskogee   24.22   5,367
Edmond   24.08   25,619
Western Heights*   23.90   3,419
Shawnee   22.70   3,642
Harrah*   21.49   2,263
Oklahoma City   18.34   42,513
 
* 2019-20 millage rate.
 
Sources: School Districts, Oklahoma State Auditor, & Oklahoma SDE.
Projected Post-Bond Election
 
Comparison of Sinking Fund Millage Rates
         
    Projected   Oct. 2019
School District   Millage Rate   Enrollment
Blanchard*   53.80   2,053
Newcastle   42.19   2,336
El Reno*   40.18   2,911
Deer Creek   36.03   6,872
Elgin*   34.96   2,412
Choctaw   33.97   5,735
Jones*   33.97   1,123
Bethany*   33.86   1,730
Bridge Creek*   33.52   1,674
Piedmont*   33.16   4,535
Tuttle*   32.90   1,964
Ninnekah*   30.75   531
Chickasha   30.50   2,195
Bartlesville   30.43   5,963
Sand Springs   30.31   5,064
Yukon   30.11   9,005
Mid-Del   29.93   14,207
Enid   28.61   7,803
Tulsa   28.38   38,509
Norman   27.90   16,289
Mustang   26.49   12,355
Moore   26.21   24,961
Putnam City   25.70   19,652
Stillwater   24.27   6,312
Muskogee   24.22   5,367
Edmond   24.08   25,619
Western Heights*   23.90   3,419
Shawnee   22.70   3,642
Harrah*   21.49   2,263
Oklahoma City   18.34   42,513
 
1. Chickasha Schools projected levy based on projected growth in the District's Net Assessed Valuation.
 
2. Assumes tax rates for all other districts remain the same for   illustrative purposes herein.
 
* 2019-20 millage rate.
 
Sources: School Districts, Oklahoma State Auditor, & Oklahoma SDE.

What is the projected impact to Taxpayers?

Chickasha Public Schools
February 2021 Restoring Excellence Bond Election
Projected Increases to taxpayer based on market value of real property
 
  Real Property Taxable Market Value
$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000
Year $15.75 $35.00 $54.25 $73.50 $92.75 $112.00 $131.25 $150.50
Month $1.31 $2.92 $4.52 $6.13 $7.73 $9.33 $10.94 $12.54
                 
Note: Figures above assume growth in the District's Net Assessed Valuation (NAV) of 1.50% next year and 3.00% annually thereafter.  For additional information on the District's NAV or for any other questions please contact District Administration.