Greg Denecker, Bluffton school superintendent, informed the Icon that the 1996 bond for the construction of Bluffton Middle School building will be paid off in December.
“Originally, the bond was approved to last until 2023, but due to refinancing in 2005 and 2014, we are paying off the building early at lower rates,” he said.
During the 2020 calendar year, the bond was taxing properties in the school district at 2.9 mills.
The collection for this bond in 2021 (now its final year) will be .75 mills, a reduction of 2.15 mills. That translates to a reduction of $112.88 on real estate taxes on a $150,000 home.
The announcement was made in the school district’s winter newsletter mailed last week. The entire newsletter is attached at the bottom of this story.
