How can the impact on individual tax bills be so small, considering the amount of money requested in the referendum?
As the districts Equalized Assessed Valuation (the value of property as determined by the county tax assessor), or EAV, grows, more homeowners and businesses share in the cost. Because of this rapid growth the districts EAV has grown by an average of 16-21 percent yearly the impact on an individual taxpayer is kept to a minimum. Additionally, the district administration has done detailed planning and has structured the bonds to have the smallest impact possible on taxpayers while meeting the construction needs laid out in the referendum. The district will not issue bonds until it needs the money, similar to how a homeowner would not take out a home improvement loan until he or she was ready to perform the desired improvements.
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- How can the impact on individual tax bills be so small, considering the amount of money requested in the referendum?
