BOND: Taxes will increase
When you vote on 8-28-2012 for the school bond, don’t be fooled by what you are hearing. The levy rate will stay the same, but your school taxes will GO UP. Meaning your total school taxes can only go up because your property value and tax exemption has gone down. Meaning the school is getting less money from property taxes. It has to be made up somewhere.
I have lost $70,000 in property value and pay more taxes now than when my house was worth $70,000 more. My value went down, my homeowner’s exemption went down, our salaries went down and our taxes went up! Go figure. I looked back over the last three years and discovered that our total school taxes have gone up, and they will again. Don’t forget to vote one way or the other.
KATHY HUNT
Coeur d’Alene