scs01 said:JMac03 said:
Because my math skills stink, how much is this going to cost on average to a $400k household a year if all 4 pass?
And honestly it doesn't really matter to me personally, as I am voting YES for all 4. Just wondering how much it impacts the average household since many are quite upset over it.
The district is claiming that this will lead to a $.02 increase in the tax rate over the current. I'm a little fuzzy on whether that is the total anticipated cost of this particular bond to the taxpayers, or the total anticipated tax increase factoring in other bonds being paid off in the meantime. Those are two different things.
Anyways, a $.02 rate increase translates to a tax increase of $20 per $100K of valuation. If a $400K household has the $100K homestead exemption that will very likely be in place after the fall election, that will be assessed on $400K-$100K = $300K of value, so an increase of $60 per year.
By golly if it costs me $100 or less a year and our students can benefit, sign me up all day long.