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Current rate for existing GoBonds for 2020 = $.541/$1,000 of assessed value for taxing purposes
Anticipated rate for existing GoBonds for 2021 = $.585/$1,000 of assessed value for taxing purposes
Anticipated rate for proposed NEW GoBonds for 2021 = $.454/$1,000 of assessed value for taxing purposes
IF the May Bond proposal is approved by voters the total per thousand rate would be $1.039, an increase of approximately $.45 per thousand.
Proposed cost increase of $.45/$1,000 will cost the following, depending on the value of your property.
Rate per thousand of assessed value Value of property Annual Cost of increase Monthly Cost of increase $ 0.45 $ 50,000.00 $ 22.50 $ 1.88 $ 0.45 $ 100,000.00 $ 45.00 $ 3.75 $ 0.45 $ 150,000.00 $ 67.50 $ 5.63 $ 0.45 $ 200,000.00 $ 90.00 $ 7.50 $ 0.45 $ 250,000.00 $ 112.50 $ 9.38 $ 0.45 $ 300,000.00 $ 135.00 $ 11.25 $ 0.45 $ 350,000.00 $ 157.50 $ 13.13 $ 0.45 $ 400,000.00 $ 180.00 $ 15.00 $ 0.45 $ 450,000.00 $ 202.50 $ 16.88 $ 0.45 $ 500,000.00 $ 225.00 $ 18.75 If proposed Bond project is approved by voters, this chart represents the approximate cost one would pay at the approximate rate of $1.04 per thousand dollars of assessed property value.
Rate per thousand of assessed value Value of property Annual tax for school bonds Monthly tax amount for school bonds $ 1.04 $ 50,000.00 $ 52.00 $ 4.33 $ 1.04 $ 100,000.00 $ 104.00 $ 8.67 $ 1.04 $ 150,000.00 $ 156.00 $ 13.00 $ 1.04 $ 200,000.00 $ 208.00 $ 17.33 $ 1.04 $ 250,000.00 $ 260.00 $ 21.67 $ 1.04 $ 300,000.00 $ 312.00 $ 26.00 $ 1.04 $ 350,000.00 $ 364.00 $ 30.33 $ 1.04 $ 400,000.00 $ 416.00 $ 34.67 $ 1.04 $ 450,000.00 $ 468.00 $ 39.00 $ 1.04 $ 500,000.00 $ 520.00 $ 43.33 Note on the chart below that the existing GoBonds will be paid off in 2026. Starting in 2027, the entire levied amount would be applied until paid off in full in the thirty year term of the bonds in the year 2050.
Projected Required Levy Rate
(Net of Collections Rate)Year Existing GO Bonds 2020 GO Bonds Post-Issance Total Levy 2019 0.552 2020 0.541 2021 0.585 0.454 1.039 2022 0.581 0.464 1.045 2023 0.576 0.468 1.044 2024 0.569 0.471 1.041 2025 0.574 0.474 1.048 2026 0.256 0.790 1.046 2027 0.000 1.047 1.047 2028 0.000 1.043 1.043 2029 0.000 1.042 1.042 2030 0.000 1.050 1.050 2031 0.000 1.044 1.044 2032 0.000 1.047 1.047 2033 0.000 1.048 1.048 2034 0.000 1.046 1.046 2035 0.000 1.051 1.051 2036 0.000 1.050 1.050 2037 0.000 1.049 1.049 2038 0.000 1.047 1.047 2039 0.000 1.045 1.045 2040 0.000 1.043 1.043 2041 0.000 1.049 1.049 2042 0.000 1.046 1.046 2043 0.000 1.043 1.043 2044 0.000 1.041 1.041 2045 0.000 1.045 1.045 2046 0.000 1.045 1.045 2047 0.000 1.049 1.049 2048 0.000 1.044 1.044 2049 0.000 1.046 1.046 2050 0.000 1.048 1.048 
