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Old 02-28-2023, 08:51 AM   #292
longislander
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Join Date: Jun 2007
Location: Moultonborough
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Another note to the town.

Here's an email I got last night and my response:
Quote:
I'm not following your train of thought. If I want to know the impact of paying $1.6m per year to the tax rate I would calculate that by dividing 1.6m by the total assessed value of the town and multiply x 1000. Then use that value of 33 cents to my assessed value/1000 to see the impact. I don't get why using 33 cents as you note is a mistake?
Quote:
age 29
https://www.moultonboroughnh.gov/sit...s_02.23.23.pdf

The bond doesn't say $1.6m per year.
$1.6m x 20years = $32m ... not the $24m of the bond
It says in the third colunm from the right: Fiscal Year Total Payments,
Principal is level. Total 20 year payments $24,412,500.
Interest: $8,912,500 (declining)
Principal : $15,500,000 (level; $775,000 per year)
Total: $24,412,500

$1.6 m and .33 is relevant to only one year; year 2.
year ...payments ... payment divided by bond valuation (year of bond only)
1) $388k and .08
2) $1.6m and .33
3) $1.6m and .32
4) $1.5m and .31
5) $1.5m and .30
6) $1.4m and .29
7) $1.4m and .28
8) $1.4m and 2.8
9) $1.3m and .27
10) $1.3m and .26
11) $1.2m and .25
12) $1.2m and .24
13) $1.1m and .23
14) $1.1m and .22
15) $1.1m and .22
16) $1.0m and .21
17) $967k and .20
18) $924k and .19
19) $882k and .18
20) $839k and .17

Dollars are rounde-off

Total Fiscal year Payments: $24,412,500 for the 20 years of payments for the $15,500,000 bond.

$1.6m x 20 years = $32m not the $24m of the bond.


(I hope the formatting of this holds-up.) It didn't, so the colunm of numbers.
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