Per $100 of assessed value of personal and real property:
- Streetscape and Pedestrian Improvement Bonds = $6.5 million = 2.33 cents
- Parks and Recreational Bonds = $2 million = 0.72 cents
- Greenways and Trails Bonds = $4 million = 1.43 cents
- Sidewalk Improvement Bonds = $2 million = 0.72 cents
Assuming that voters choose to invest in all four projects, which total $14.5 million - and that the City embarked on all four investments at once - the property tax impact could be up to 5.2 cents, or $52 per $100,000 of home value, each year.
However, Council’s intention is to stagger the projects to minimize the tax impact on residents. The goal is not to embark on all four projects at once.