Tax Impact

• The anticipated interest rate on the proposed bond issue, based upon current market conditions, is 3.43% per annum.
• The estimated average annual cost to the taxpayer of the proposed bonds is a tax of $4.51 per month ($54.09 per year) on a $468,000 primary residence.
• The estimated average annual cost to the taxpayer of the proposed bonds is a tax of $8.20 per month ($98.34 per year) on a $468,000 business.