12-15-2022, 10:52 AM
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#194
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Senior Member
Join Date: Jun 2021
Posts: 2,983
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Quote:
Originally Posted by longislander
I agree. I misunderstood your comment. The Hub will become a town asset, but town assets are not taxed.
The town will still need to pay for the building/bond, however through, taxation.
What is the relevance of the $.36/$1000 assessment relative to the $14,512,847 bond, if a bond? Where did the $.36/$1000 come from.
The $4,892,023,118 is total valuation. The total Tax effort is $23,355,110
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Estimated annual bond premium (principal and interest) based on term and rate using a mortgage calculation divided by the total property valuation declared in a cost per thousand of valuation. $14.5M over 10 years at around 4% is about .36 per thousand.
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