If passed, homeowners with the average home value of $150,000 will have an annual decrease in their school district taxes of $538.68 or $44.89 per month due to a recent state compression and a proposed increase to the homestead exemption to $100,000. Homeowners age 65 and older who have applied for and received the Over 65 Exemption will have no increase over their frozen dollar amount with the passage of this bond.