Bond Measure Cost Summary

Estimated tax rate increase:
$0.14 per $100 of assessed property value

What This Means for Your Property:

Homeowners
Average home (~$252,000):
~$35/year ($2.95/month)

$250,000 home: ~$41/year — totaling ~$615 over 15 years

Commercial Property Owners
Average commercial property (~$805,000):
~$175/year ($14.56/month)

$1,000,000 property: ~$244/year — totaling ~$3,660 over 15 years

Agricultural/Vacant Land
Average parcel (~$39,000):
~$8/year ($0.68/month)

$100,000 property: ~$24/year — totaling ~$360 over 15 years

To find your specific cost, check the assessed value on your property tax statement and multiply by $0.14 per $100.

Total Bond Cost

Total principal + interest: ~$333 million over 15 years
Issuance costs: ~$90,000 per bond series

Other Notes

• The District currently carries no existing bond debt
• The proposed authorization exceeds the District’s statutory debt limit, but state law permits this — bonds will only be issued when capacity allows, projected within the next 5 years