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Old 12-15-2022, 10:52 AM   #194
John Mercier
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Quote:
Originally Posted by longislander View Post
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
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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