An Interest and Sinking (I&S) tax rate increase from $0.395 in 2006-07 to a peak of $0.45 in 2009-10.
This tax increase is approximately $0.055 on $100 property valuation or about a total of $55.00 over a four (4) year period for an assessed evaluation of $100,000.00.
Note: If the MISD is approved by the State for Existing Debt Allotment funding, the total tax impact could be as low as 3 cents per $100 property valuation over 3 years. |
