MARSHALL (KMHL) – The Marshall School board heard from their bond council on a decrease in the tax impact of the school district’s bond referendum at their meeting last night.

According to Ehlers, there has been a sizeable decline in interest rates they are seeing on municipal bond sales.

As a result, the tax impact to property owners, homeowners and farmers will be less than expected. For example, on a home valued at $150,000 in Marshall the previous tax impact would have been $72 a year. Now, Ehlers estimates the tax impact on the same $150,000 home would be $62 a year.

Decreases are also expected on commercial property and agriculture land.

Ehlers is forecasting a bond sale in the range of 3.10 percent on the bond referendum to build a new elementary school to replace West Side.