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Estimated levy rate increase = $1.24 per $1,000 of assessed value |
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Example: Assessed Property Value = $200,000 |
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Calculate = (200,000 รท 1,000) x $1.24 |
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Estimated increase = ~$248/year or $21/month |
Estimated Property Tax Increase
The $619.7 million bond package is estimated to increase the current property tax levy by $1.24 per $1,000 of assessed property value.
For a house with an assessed value of $200,000 this amounts to an estimated additional $248 in annual property taxes, or about $21 per month.
The 2018 bond package is estimated to be a 20-year bond. Answers to common questions about levy rates and how bonds are issued and repaid can be found on the FAQs page.