Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What impact do special levies and bonds have on property taxes?

April 26, 2017bonds impact levies property taxes special

0

Posted

What impact do special levies and bonds have on property taxes?

1 Answer

0

Posted

Voter-approved special levies and bonds can have a significant influence on property taxes. These bonds and levies make up 25% to 35% of a typical combined levy rate and tax bill. Since they are voter-approved, they are not subject to the same limits as regular property tax levies, rates, and budgets. If a new levy is approved by voters, levy rates and taxes can rise dramatically. Conversely, if a levy fails, rates and taxes can drop significantly.