Letters to the Editor
Fields Referendum May Have Hidden Costs, Warns Resident
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In compliance with the law, the Board of Education has provided voters with an estimate of how much annual bond repayments will cost the homeowner if the $7.7 million school referendum is approved. Like most components that make up our property taxes, a homeowner’s share of the principal and interest on the bonds will depend on the assessed value of your home. For example, a house assessed at $350,000 would result in a $35 charge to the homeowner each year for the next 10 years. Normally, property tax increases are limited by the state mandated 2 percent cap. In this example, approval of the referendum would allow taxes to exceed the cap by $35. However, in addition to the bond repayments, there are also undefined annual maintenance costs …
Beth Bluj
10:02 pm on Thursday, January 10, 2013
Then they have to vote as they see fit and I respect that. more ›