How these estimates work

What’s on the ballot

Noblesville Schools has an operating referendum on the November 3, 2026 ballot. It authorizes a rate of up to $0.57 per $100 of net assessed value for up to 8 years, replacing the 2018 operating referendum ($0.37), which expires after 2026. A separate $0.08 referendum debt rate, approved in 2010, continues through 2032 regardless of this vote— so “fails” does not mean zero referendum tax. DLGF determination · district referendum page

Why we show two “passes” numbers

The ballot authorizes up to $0.57. The district has publicly committed to set a rate no higher than $0.41 for 2027 (and says it will not use the full $0.57 in all eight years), but that commitment is not legally binding and later years may be higher. We show the bill at $0.41 and at $0.57 so you can see both the plan and the ceiling. Source

This is also why you may have seen two very different cost figures: the ballot’s statutorily-required “$955 per year for a median $350,000 residence” is computed at the $0.57 maximum, while the district’s “$2.30 more per month” framing reflects its below-maximum rate plan. Both are arithmetic from the same law — at different rates.

Why does my estimate go down if it passes?

For many higher-value owner-occupied homes, the estimate with the referendum passing (at the district’s committed $0.41 rate) is slightly lowerthan the current bill. That isn’t an error — it’s how the 2025 property tax law interacts with the two referendum rates:

• Above roughly $333,000 in assessed value (in Noblesville City’s taxing district), the 1% constitutional cap already limits the non-referendum part of the bill, so that part is the same whether the referendum passes or fails.
• What changes is the referendum line: today’s $0.37operating rate applies to this year’s net assessed value; the proposed $0.41would apply to next year’s net assessed value, which the 2025 law makes substantially smaller — and the reduction is proportionally larger for higher-value homes.
• Above about $440,000 assessed value, the shrinking net assessed value outweighs the higher rate, so the estimated bill dips slightly below today’s.

This applies at the district’s committed $0.41rate. At the ballot’s authorized maximum of $0.57, the estimate increases for homes at every value — which is why both figures are always shown.

The 2025 property tax law (SEA 1)

Indiana’s 2025 reform changes homestead deductions each year: for taxes paid in 2026 your home’s assessed value is reduced by $48,000 and then by 40% of the remainder; for taxes paid in 2027 it’s $40,000 and 46%. It also adds a credit of 10% of your bill (up to $300) that excludes referendum taxes. Because referendum rates apply to that shrinking net assessed value, a 57¢ maximum in 2027 raises fewer dollars per home than it would have in 2026 — which is the district’s stated reason the replacement maximum is higher than the expiring 37¢ rate. DLGF guidance memo

Estimates, not bills

• 2027 non-referendum rates are not certified until January 2027; we hold them at certified 2026 levels (2026 budget order).
• Assessed values come from Hamilton County’s public parcel data at lookup time and reflect the most recent assessment.
• This tool models owner-occupied homesteads only (1% cap class). Rentals, farms, and businesses follow different rules.
• Other deductions some households have (mortgage age 65+, veteran, etc.) are not modeled and would lower all three columns.

Privacy

Addresses you enter are forwarded to Hamilton County’s public parcel service to find your assessed value. They are never stored, logged, or sent to analytics. County responses are cached in memory for up to ten minutes to reduce load during busy periods — never written to disk or logs. We collect basic anonymous usage statistics (page views) via Google Tag Manager; nothing you type into this site is included. All tax math runs in your browser.