A place holder for future examination. Property tax collection includes school bonds for related districts. The amount that a single property owner pays toward school bonds is based on the Assessed Value of their property.
A special assessment reduces Assessed Value to a lower Special Assessed Value on which property tax is computed and apportioned a revenue to recipient entities purposes.
Are their tax equity issues related to the reduction of assessed value to a Special Assessed value that substantially reduces the portion of tax collection and associated revue that goes to paying off school bonds.
Citizens voted approval of school bonds as something that they undertake to pay off. Property owners then pay them off through with property tax. Some pay less than others due to a Special Assessment basis of property tax computation such as Forest and Farmland
Fair?
Is what I have presented here an accurate statement?
A bond is not a tax?
It is a collection of a voter approved obligation payment?
Examination of a single (or sample of) property tax statement(s) where the property has a Special Assessment should conclusively reveal the facts of school bond payment through property tax collection and apportionment of payment obligation to tax payers
Select a property:
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