I understand that if the bond issue is passed that school taxes will go up approximately 33Cents per $100 of value. Will the tax rate be the same until all bonds have been paid?No. The only year projected to reach the maximum increase is tax year 2020. That is when the tax rate is at its’ highest point. It is projected that the tax rate will then decrease slightly each year thereafter.
What is the total projected tax impact to the owner of a $125,000 home? Will this amount of tax increase be consistent throughout the 25-year bonded indebtedness? The maximum projected tax increase for a home valued at $125,000 will be $27.50 per month in 2020 assuming that both bond propositions pass. The cost will probably be less in the years following 2020, as the value of the district increases, the tax rate amount needed to pay the bond debt will go down.
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It wasn't that difficult:
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and Nederland ISD will be paying on the bonds for proposition 1 until 2037 and proposition 2 until 2038....you see that is how 25 year bonds work. Then, Nederland High will be 67 years old and one of the elementary schools will turn a spy 100. Are you truly advocating that not nail one be put in the schools that may affect any of the work done in 2012 and 2013 until all of the bonds from the bond issue are paid off?
A couple of questions:
1. Do you know what repairs where made as a result of the passage of Proposition 1 and Proposition 2 of the 2012 Nederland bond?
2. Do you know when the bonds for the 2012 issue are due to be paid off?
Lumberton Raiders @LumbertonR 4m4 minutes ago
YOUR @ladyraidersoc JUST MADE HISTORY! THEY JUST WON REGIONAL SEMIFINALS 2-1!!! ONE MORE WIN TO THE STATE TOURNAMENT!!!
The Little Cypress-Mauriceville Bears, 5-2 in district host the Lumberton Raiders, 1-7 in this 22-4A at a special start time of 4:30 pm by tuning your radio to AM 1600 or by clicking the following link:
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Follow Greater Orange Area Sports on Your Hometown Radio Station, AM 1600 KOGT, and Your Source for Sports in Southeast Texas, SETXsports.com!