What is bonded indebtedness?
Tumwater voters have elected to support various projects by raising money through approval of general obligation bonds. Bond payments are added to your property taxes. Current City bonds include those approved for construction of Tumwater Library and the Headquarters Fire Station. Bonded indebtedness is assumed by newly annexed properties and must be paid from the time of annexation until the bond is paid.
Related Questions
- to estimate the maximum amount of bonded indebtedness it could service at a tax rate of less than $25 per $100,000 of assessed property value?
- What is the current status of Torrance Unifieds bonded indebtedness (dollars above the regular property tax assessment for schools)?
- What are the main benefits of Bonded ADSL over a leased line?
