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What would the proposed bond cost if it passes?
$5,432,510 proposed bond, to be repaid over 16 years
Estimated tax rate of $1.36 per $1,000 of assessed property value. At that rate, a property assessed at $182,450 (the average median assessed value for homes in Baker County) would pay about $248 per year or $21 per month.
Assessed value is the value used for determining the property owner’s tax liability and is different from real market or appraised value.
Farm and forest properties have varied zoning and use and may have a special assessed value.
If the proposed bond doesn’t pass, the tax rate would not increase, and projects outlined in this proposal would not be completed.
Could proposed bond funds be used for other purposes?
If the proposed bond passes, bond funds could only be used for costs associated with the projects listed in the bond proposal. Proposed bond funds could not pay for salaries or operational costs.
Would local jobs be created if the proposed bond passes?
If the proposed bond passes, the district would structure portions of the bond projects into smaller contracts that local contractors could bid on.
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