The Truth About the Cost
By now you should have received your
for this Bond election in the mail. Conflicting information has confused many who are concerned about how much the bond will actually cost. If your home is valued at $120,693 the estimated tax impact over 27 years is on average
per year. Below is a side by side comparison of what is stated on page 5 and page 9 of the pamphlet. Page 9 is the estimated total cost to approve these 7 propositions yet does not account for any real increase in your home/business property value.
interest rates of 2.78% for the first 5 years, 3.2% for the next 5 years and 3.45% thereafter, (
as shown on page 7 of the voter pamphlet
). Keep in mind these are only
**You are in fact approving interest rates UP TO 8%, for which the financial calculations are not included in the voter pamphlet.**
I have requested this information from the County Administrator and will forward it on to you for your reference when he responds.
Estimated yearly tax Increase by assessed property value for a Primary residence