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2008 Bond Issue Financial Information
The cost of the improvements to Leavenworth schools will cost District patrons $12 per month (or a total of $144 per year) for the owner of a $100,000 home. The total project cost is $57.8 million. The state of Kansas will contribute 32% of the total project.
The impact to homeowners is as follows:
| |
Annual Cost to Homeowner |
|
| Appraised Value of Home |
Assessed Value
11.5% of
Appraised Value |
|
| |
|
57.8M
12.5 mills |
| $30,000 |
$3,450 |
$43 |
| $50,000 |
$5,750 |
$72 |
| $70,000 |
$8,050 |
$101 |
| $90,000 |
$10,350 |
$129 |
| $100,000 |
$11,500 |
$144 |
| $110,000 |
$12,650 |
$158 |
| $130,000 |
$14,950 |
$187 |
| $150,000 |
$17,250 |
$216 |
| $170,000 |
$19,550 |
$244 |
| $190,000 |
$21,850 |
$273 |
| $210,000 |
$24,150 |
$302 |
| $300,000 |
$34,500 |
$431 |
For calculating the bond and interest mills, only 11.5% of the actual home value is assessed.
Example: A homeowner with an appraised value of $100,000 would pay an additional $144 annually ($12 per month) on a $57.8 M bond issue.
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