Estimated Tax Rate Impact

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Tax Rate Impact of $67.45 Million in Debt Issued Over 5 Years

Project

Cost Estimate

% of Total

Estimated Tax Rate Impact

Average Value Homeowner

Knowles Drive
$19,750,000
29%
3.88
$67.31
McLeroy-Phase 3
$11,800,000
17%
2.32
$42.38
McLeroy-Phase 4
$6,000,000
9%
1.18
$19.94
New Library
$18,700,000
28%
3.68
$64.81
Parks Improvements
$4,000,000
6%
0.79
$14.96
New Senior Center
$7,200,000
11%
1.42
$39.89
TOTAL ESTIMATE
$67,450,000
100%
13.26
$249.29

Home Owner Impact of $67.45 Million

Home Value

Monthly

Annually

$100,000
$11.07
$132.84
Average Home Value:  $188,000
$20.77
$249.29
$200,000
$22.14
$265.68
$300,000
$33.21
$398.52