How did the city come up with the $60 annual increase suggested in the educational materials?
The $60 increase is based off of someone who claims a homestead exemption (20%) on a $215,000 home. That value is the average home value on the island.

Example:
$215,000 x .80 = $172,000/$100 = $1720 x .035 = $60.20

You can do the same math to come up with the impact to you. Simply take the value of your home and multiply it by .80 if you take a homestead exemption. Once you have that value you will divide that amount by $100 and multiply that number by .035.

Show All Answers

1. Will senior citizens be affected by this increase?
2. Why are the projects on the informational handouts and online listed as “Sample Projects”? Is it a complete list?
3. How do they know the cost of these projects? Have they received bids?
4. What is the timeline and priority for each project?
5. Why does the ballot language for the bond election include the words "and other related public infrastructure"?
6. The City received a significant amount of federal funding after Ike. Why would you need to ask for additional funds?
7. Will the proposed tax rate increase be rescinded after the completion of the projects?
8. If the bonds pass is the City going to raise the value of my home by 3.5%?
9. My tax bill has increased significantly each year, this is only going to increase it more. Why are taxes so high on the island?
10. How did the city come up with the $60 annual increase suggested in the educational materials?
11. Why is the City holding a bond election rather than paying for the projects as we go?
12. Can you assure the citizens that this would fix the drainage problems in the City?
13. What does this mean for commercial property owners?
14. Why can’t you increase the sales tax or gas tax to fund these projects?
15. Why does the ballot language for the bond election include the words "and other related public infrastructure"?