- A $15 million dollar General Obligation Bond will cost taxpayers $1.10 per $1000 of Net Taxable Value
- IMPORTANT DEFINITIONS:
- Actual Value = Amount you can sell your house/property for
- Net Assessed Value = County assessed value of your house/property
- Net Taxable Value = Amount used for tax purposes
- MY HOME AND PROPERTY (Dr. Jaeger’s Home):
- Actual Value = $300,000
- Net Assessed Value = $276,750
- Net Taxable Value = $130,548
- With a $1.10/$1000 tax increase, based on my “Net Taxable Value” of $130,548 my personal tax increase would be $143.60 annually (that is $11.97 a month) if we build a new elementary school