Saturday, August 16, 2014

Some Answers (III)

(Disclaimer: The following is my own take on things, and I am not speaking for anyone else. I'm posting as a person, not as a member of the school board. This blog is for my feelings about the school board, not necessarily representing them. This is me, not CFSD. Got it?

The official word on all things bond related is here: .)

Let's answer the question that, for some people, is the only one.

How much will my property taxes go up if the bond passes?

Straightforward question. Straightforward answer:

If the bond passes, your property taxes will not automatically rise to the maximum amount approved by the voters. The $118 million the Cedar Falls School District is asking for is an upper limit. Let’s say your home is worth $300,000. You’ll be adding no more than $55 a month to your property tax bill. Most years it will be less. If your house is worth $100,000, you’ll be adding no more than $18 per month, and again, most years, less. The school board FAQ answers this question in more detail - that FAQ is the official word.

1 comment:

  1. For those folks who only care about money... The quality of your public schools has an enormous effect on your property values. Currently, that's one of the main things that lets Cedar Falls maintain a $10-30K premium over Waterloo's nicer neighborhoods. If you don't keep your schools up to date and large enough to welcome growth, you could lose that premium. Waterloo is also looking at a bond referendum in the next year or so to fund major school improvements. You can't depend on us messing up.