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Financial Impact of 2004 BondQuestions have arisen regarding the cost of the proposed $148 million bond package to WISD homeowners. These are answered in two ways -- through verbiage and also a chart.
What is the financial impact of the bond election on WISD taxes?
The financial worst case scenario impact on a home valued at $100,000 (with the homestead exemption) would be $5 per month the first three years, gradually increasing to $8 per month in 2010-2011. The cost would then decrease each year thereafter.
Impact of Bond Referendum on WISD Tax Bill
Home Market Value Current Taxes 2004-2005 2004-2005
Annual Monthly
$75,000 $1,032 $46.90 $3.91
$100,000 $1,462 $66.44 $5.54
$200.000 $3,182 $144.60 $12.05
$250,000 $4,042 $183.68 $15.31
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