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PARK REFERENDUM TAX IMPACT <br />Estimates prepared by Spdngsted <br /> <br />A $25 per year tax on a $100,000 home provides $1,380,000 available for park projects if the bond is <br />paid over 15 years. A 20 year term increases the funds available to $1,613,000. <br /> <br />Based on the budget requests of $2,000,000 for parks and open space and $1,000,000 for the pool, <br />the following tax impacts are projected: <br /> <br /> Property Tax Impact <br /> Market Based on term of <br /> Net Bond Proceeds Value 15 years ~'20 years <br /> $11380,000/$1,613,000 50,000 $ 13 ~ 13 <br /> <br />150,000 38 38 <br />400,000 100 100 <br />~__~~~000,000 250 250 <br />~ ~ $2,000,000// 50,000 19 16 <br /> "... J 100,000 37 <br /> 150,000 56 47 <br /> 400,000 148 124 <br /> 1,000,000 370 310 <br /> <br />$3,000,000 <br /> <br />50,000 28 23 <br />100,000 55 47 <br />150,000 83 70 <br />400,000 220 188 <br />1,000,000 550 469 <br /> <br />Page 1 <br /> <br /> <br />