Breakdown of the
$92 million bond
If the 2008 bond levy is approved, property owners would pay 27 cents per $1,000 of assessed value. This amount includes the 8 cents per $1,000 property owners are paying on the current bond, along with 19 cents per $1,000 that would be added with passage of the May 2008 bond. The bottom line is that property owners would pay a total of $40.50 per year on a house with an assessed value of $150,000, the cost of what many pay for just one month of phone service. It is also important to note that the assessed value is usually much less than the sales value of a home.
Estimated impact based
on assessed value of home
Assessed value of home Annual tax, if bond passes
$150,000 $40.50
$200,000 $54.00
$250,000 $67.50
$300,000 $81.00
$350,000 $94.50
$400,000 $108.00
$450,000 $121.50
Bond 2008
