When approved by voters, school construction bonds become a portion of your property taxes. School bonds make up about one-third of your current property tax. Property owners pay a set dollar amount for each $1000 of assessed property value.
Prior to passage of the November 8, 2016 bond, taxpayers were paying $1.64 per $1,000 of assessed value on existing bond debt. The new bond measure will have an estimated tax rate increase in 2017 of $0.79 per $1,000 of assessed value. On a home with an assessed value of $250,000, the estimated increase is $197.50 per year or $16.46 per month.
Voters approved a fixed dollar amount, and the school district cannot collect more than the amount voters approve. If property values increase, the tax rate goes down so that the exact amount is collected.
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This table is an analysis of the tax impact on property owners.