Tuesday, March 8, 2016
Tax Impact of Proposed Bond
At Candidates night, the question of the impact to the property tax rate if Article 2 passes was asked. Here are the details with and without the retirement of the school bond. Keep in mind that the estimates are based upon 2015 total assessed values and the comparison below is only for a 10 year bond. Annual payment on a 15 year bond would be significantly less, but the interest over the life of the bond would be much greater.