Since the June 11 vote last year, there has been a lot of debate and false information about the tax impact if we vote yes on a debt exclusion to fund a new elementary school. The School Building Committee received updated information from the town's financial advisor, Hilltop Securities, and confirmed critical details based on current borrowing conditions and the town's current bond rating.
The town's financial advisor estimates that the average increase will be $0.55 per $1,000 of home value - less than $290 annually for the majority of taxpayers (based on the average home value of $524K in Stoughton). For those with a home value of $400K or less, the tax increase will be $220 per year or less. This is based on the projected 30 year bond at FY2025 rates, and validated by Hilltop Securities.
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