Construction Bond #1 - Taxpayer Costs
The projects included in Construction Bond #1 will cost Central Valley taxpayers $69.6 million. If approved by voters the district's tax rate would increase by an estimated $.65/$1,000 of assessed property valuation beginning in 2012, resulting in an estimated total tax rate (bond and levy) of $5.17 per $1,000.
The long-range Capital Facilities Plan is structured to achieve a one-time increase in the bond tax rate in 2012, followed by a steady tax rate for future bond proposals included in the facilities plan.
Construction Bond #1 Tax Impact
| Assessed Value of Property |
Annual Property Tax Increase |
Monthly Property Tax Increase |
| $100,000 |
$65.00 |
$5.42 |
| $150,000 |
$97.50 |
$8.13 |
| $200,000 |
$130.00 |
$10.83 |
| $250,000 |
$162.50 |
$13.54 |
| $300,000 |
$195.00 |
$16.25 |
Central Valley median taxable property value is $165,000
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