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What will it cost?
Unless we think of others and do something for them, we miss one of the greatest sources of happiness. - Ray Lyman Wilbur     You have not lived until you have done something for someone who can never repay you. - unknown       Never doubt that a small group of thoughtful citizens can change the world. Indeed, it is the only thing that ever has. - Margaret Mead    The best way to predict your future is to create it. – Unknown     The foundation of every community is the education of its youth. – unknown     Education is simply the soul of a society as it passes from one generation to another. – unknown     Education is helping the child realize his potentialities. – unknown         Education: A debt due from present to future generations. – unknown
 

 

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  THE TAX RATE IMPACT OF $20,701,244 BOND SALE    
                   
                   
                   
                   
                 
  Market 1/3 Less $5000 Tax Rate Per  Annual       
  Value Market  Homeowner  Increase $1,000 Cost Monthly    
    Value Exemption   After         
    (EAV)     Exemption        
  $75,000 $25,000 $20,000 15¢ 0.0015 $30.00 $2.50    
  $100,000 $33,333 $28,333 15¢ 0.0015 $42.50 $3.54    
  $120,000 $40,000 $35,000 15¢ 0.0015 $52.50 $4.38    
  $150,000 $50,000 $45,000 15¢ 0.0015 $67.50 $5.63    
  $180,000 $60,000 $55,000 15¢ 0.0015 $82.50 $6.88    
  $200,000 $66,667 $61,667 15¢ 0.0015 $92.50 $7.71    
  $210,000 $70,000 $65,000 15¢ 0.0015 $97.50 $8.13    
  $250,000 $83,333 $78,333 15¢ 0.0015 $117.50 $9.79    
  $300,000 $100,000 $95,000 15¢ 0.0015 $142.50 $11.88    
  $350,000 $116,667 $111,667 15¢ 0.0015 $167.50 $13.96    
                   
                   
  For example, one third of market value on a $180,000 home is $60,000.  Subtract the    
  $5,000 homeowner exemption, for which every homeowner qualifies. Multiply the sum,     
  $55,000 in this example, by the increase in the tax rate of fifteen cents (.0015) to arrive    
  at the annual cost of $82.50.               
                   
                   
                   
                   
                   
      $180,000 ÷ 3 = $60,000           
      $60,000 - $5,000 = $55,000             
      $55,000 x .0015 = $ 82.50