• NOTICE: The original referendum voting date of March 31, 2020, has been postponed due to the COVID-19 pandemic. 

Bond 2020 Cost

  • The total bond amount is 294.8 million dollars or $294,800,000

    In Rock Hill School District, 52 mills of taxes are currently levied each year to pay existing bonds.  If the referendum is successful, taxes will increase by 26.5 mills for a total of 78.5 mills.


    Cost to Homeowners on their primary residence:

    • The cost to homeowners on their primary residence would be approximately $106 per year or $8.83 per month for every $100,000 in real property tax value.  According to the City of Rock Hill, the median value home is $140,500 and would see an increase of approximately $149 per year, or $12.41 per month.

    • York County Government, Office of the Assessor, provides a ‘How to Estimate Real Estate Taxes’ document on their website.

     Cost to Homeowners

     

    Cost Business Owners:

    • The cost to business owners would be approximately $159 per year or $13.25 per month for every $100,000 in real business tax value. According tothe City of Rock Hill, the median value business is $261,000 (which is assessed at 6%) would see an increase of approximately $415 per year or $34.58.

    • York County Government, Office of the Assessor, provides a ‘How to Estimate Real Estate Taxes’ document on their website.

    Cost to Business Owners

     

    I have seen a chart showing that millage will increase by as much as 58.4 mills if the referendum is approved.  Is this accurate? 

    No.  During the term of the bonds approved in the referendum, Rock Hill School District will be retiring existing bonds.  The repayment of the referendum bonds will be structured such that the total millage to pay existing debt and the referendum debt will not exceed 78.5 mills in any one year, which represents a 26.5 mill increase over the current debt millage of 52. The district has remained level at 52 mills for 10 years.

    The correct millage projection has been developed by Compass Municipal Advisors, LLC.

    The table below shows a historical track of debt service millage in Rock Hill Schools. The district has remained level at 52 mills since FY 2009-2010. If the March 31, 2020 bond referendum is successful, debt service millage would increase for the first time in 11 years.

    History of Tax Millage in Rock Hill School District

     

  • student at computer

     

    teacher with students

     

    boy at touch screen

     

    band butterfly dancer