"Real liberty is neither found in despotism or the extremes of democracy, but in moderate governments.
Alexander Hamilton

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.

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