2024 Bond Measure Information
In May 2024, Banks voters approved the Banks School District Bond Measure
Upcoming Bond Projects:
UPGRADED FACILITIES AND GENERAL MAINTENANCE
- Repair leaking roofs
- Upgrade heating, ventilation, and air conditioning (HVAC) systems
- General maintenance and building longevity projects
SAFETY AND SECURITY
- Seismic upgrades
- Health and safety upgrades at schools
- Physical threat security upgrades at schools
MODERNIZED HIGH SCHOOL CLASSROOM SPACE
- A new two-story high school building that replaces most of the learning space
- Upgraded classroom space that accommodates new learning requirements
- Upgrades to existing facilities, safety and mechanical systems
Bond cost:
Bonds will be issued in multiple series; each maturing within 31 years from issuance. Estimated annual tax rate would be $2.99 per $1,000 of assessed property value (not real market value). The 2024 tax rate is $1.80, if passed the proposed bond would increase the tax rate by an estimated $1.19 per $1,000 of taxable assessed value.
The owner of a home with an assessed value of $250,000 would have to pay an estimated $25 more per month or $300 more per year.
Actual rates may vary due to interest rates and changes in taxable assessed value. Check out our Bond Estimated Cost Calculator below for a closer estimate.
20 Year Master Plan Concept
Pictured is the 20 Year Master Plan Concept that was introduced at our Community Forum and voted for at our 1/28 Board Meeting with a 4-0 vote.
More Information About the Bond
Bond Oversight Committee
The BOC’s role is to monitor bond-funded construction projects, and help interested citizens stay informed about new construction and renovation projects in the district.
Quick Links to keep you in the know:
Bond Estimated Cost Calculator
Find your property’s assessed value here: https://washcotax.co.washington.or.us/
- Input your address into the box labeled “Property Search”
- Click on your address
- Scroll down to the section labeled “CERTIFIED/IN PROCESS VALUES”
- Find your most recent assessed value in the table.
You can also find your property’s assessed value on your most recent property tax statement.
To use the calculator: type in your assessed value into the top box and press ENTER on your keyboard to see your current cost, estimated increase in cost, and estimated total cost if the bond measure is passed.
