2024 Proposed Bond Measure Information

In May 2024, Banks voters will have the opportunity to vote on the Banks School District Bond Measure

Proposed Bond Projects, If the Measure Passes:

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

Proposed Bond cost:

If the measure passes, bonds may 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 $1.18 per $1,000 of taxable assessed value.

If the measure passes the owner of a home with an assessed value of $250,000 would pay $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.

If the proposed bond is not passed by voters, the proposed projects will not be completed and taxes will not be increased.

More Information About the Proposed Bond:

Proposed Bond Estimated Cost Calculator

Find your property’s assessed value here: https://washcotax.co.washington.or.us/

  1. Input your address into the box labeled “Property Search”
  2. Click on your address
  3. Scroll down to the section labeled “CERTIFIED/IN PROCESS VALUES”
  4. 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. 

This information was reviewed by the Oregon Elections Division for compliance with ORS 260.432