What will it cost property owners?

 

1/2 cent:

penny-halfWill be used for 20 year debt payment on $159,028,940 in bonds for construction and equipping of college buildings to accommodate increased student enrollment.

 

3 cents:

pennypennypenny Will be used for maintenance and operation of the college to accommodate increased student enrollment and expanded facilities

 

Additional Cost to Property Owners

 

If the value of your
taxable property is:
Tax
Per Month
Tax
Per Year
$50,000 $1.46 $17.50
$100,000 $2.92 $35.00
$150,000 $4.38 $52.50
$200,000 $5.83 $70.00

 

 

What Is The Current Tax Rate For STC

–  Debt payment for current construction bonds from 2001

11¢ – Maximum tax rate approved by voters for maintenance and operation of the College

15¢ – Total Tax Rate

CANNOT BE INCREASED WITHOUT VOTER APPROVAL.

The bottom line…

 

Tax
Per Month
Tax Per Year Tax Per Year
Construction Bond Payment 4 cents ½ cent 4½ cents
Maintenance & Operation 11 cents 3 cents 14 cents
TOTAL 15 cents 3½ cents 18½ cents

 

CANNOT BE INCREASED WITHOUT VOTER APPROVAL.