How would the bond affect my household?

If approved, the bond would increase the millage rate by an estimated .77 mills to generate approximately $30 million for Airport Community Schools building and site improvements.

The funds would address district space issues, safety and other facility needs.

Click here to access an online tax calculator to estimate the impact of the ballot proposal on your annual tax bill.

This will help you to estimate the tax increase for your individual household. Senior citizens may be eligible for a Michigan Homestead Property Tax credit that would deduct up to 100% of the proposed tax increase.

How do school bonds impact property values?

  • A Redfin Corporation study found that homebuyers pay an average of $50 more per square foot for homes in top rated school districts.

  • The National Bureau of Economic Research reveals that for every $1 spent on school funding, property values increase by around $20.

  • A 2019 National Association of Realtors study found that districts with the highest public elementary and secondary-school enrollment over seven years experienced an average 33% increase in home prices.

  • The National Association of Realtors found that 26% of recent home buyers placed a big importance on the quality of the school district when they were choosing where to live.