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Coloma Community School District

Inspire to Achieve. Empower for Success. 

Vote May 7, 2024!

Tax Impact

If both Proposal 1 (0.9 mill increase) and Proposal 2 (0.85 mill increase) were approved, the district could sell bonds and generate approximately $24.38 million in funds with a total of 1.75 mill increase over the current millage rate of 2.7 mills. Using the average median home value in our community of approximately $158,000, this increase would equate to approximately $11.52 per month or $138.25 a year for the average home in our school district.

Why are the millage rates higher than the previous proposal? 

When the district presented a bond proposal to the voters in 2023, our millage rate was 3.7 mills. Since that bond did not pass, our millage rate has dropped to 2.7 mills. The district's current facility needs cannot be covered by the funding that could be generated by extending our current millage rate of 2.7. Therefore, we are requesting a millage increase.


Imagine our school district as a household budget. Each tax millage is like a source of income that we rely on to maintain and improve our schools. When a millage proposal fails, it's like losing a portion of our income.

As a result, we're forced to operate with less funding than before. However, the needs of our schools and our students don't decrease just because our funding does. To make up for the lost revenue and continue providing quality education, we have to propose a higher millage rate in the future. But here's the tricky part: even if we request a higher millage rate, it might generate less money than before because we cannot extend the existing millage.

The proposals on the May 7, 2024 ballot are trying to recover what we've lost and ensuring that our schools have the resources they need to thrive. Every dollar lost impacts our ability to maintain facilities that support a variety of educational programs and provide the best education for our children.

Click the image below to be taken to an online tax calculator that estimates the impact of Proposal 1 and 2 on a taxpayer’s annual tax bill.

As a reminder, the Taxable Value of your property is approximately half of the Market Value. 

How does Coloma compare to neighboring districts? 

The increase in taxes could potentially be offset by the Michigan Homestead Property Tax Credit.  Below is a summary of the revised Michigan Homestead Property Tax Credit:

2023 Michigan Homestead Property Tax Credit: Households that pay homestead property taxes greater than 3.2% of their annual income may be eligible for Michigan’s Homestead Property Tax Credit.  Eligible households may deduct up to 60% (up to 100% for senior citizens, please see the senior credit table below) of the millage increase cost up to a $1,700 Homestead Tax Credit limit.  The eligibility for the credit begins to decrease after household income exceeds $58,301 and ends completely after the household income exceeds $67,301.  Please see below the general reduction table and senior credit table below:

Questions about the bond? Ask!

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