TAX IMPACT

Sinking Funds Tax Impact Example

The taxable value of a $76,252 property:

• 1 mil equals $1.00 per $1000

• The proposal is for 3 mils for 10 years

• That means $3.00 for every $1000 or .003%

• $76,252 x .003 = $228.76 per year or $19.06 a month