November 1, 2012

Bond election costs explained

Bond election  costs explained

By JILL DENNING GACKLE

When Garrison voters head to the polls Nov. 13, they will be voting on a $9 million school bond issue. If it passes by more than the required 60 percent majority, taxpayers will see higher taxes beginning in 2013 on their homes and property.
Steve Brannan, superintendent, said a house with a taxable value of $75,000 will mean $216 more per year or less than $20 a month. A house with a taxable value of $100,000 will mean $289 more per year.
A quarter of farmland (160 acres) taxable at $100,000 would mean $321 more per year or less than $30 per month. Farmland taxed at $50,000 would mean $160 per year or less than $14 a month.
 


The Weather Network