It's very important for voters to understand that the 70 cents is the maximum tax rate that can ever be charged without going back for another vote. Once a district is approved, the newly-elected Library Board will take input from the public about what the rate should actually be. The consensus among the candidates running for the Board right now is that the rate should initially be around 56 cents. That's not in stone because it still depends on the public input, but certainly the initial rate will not be anywhere near 70 cents.
It's equally important for the voters to realize that the tax rate will apply to the assessed value of their home, not the market value. Assessed value might be as low as fifty percent of market value in this area.
Tuesday, April 13, 2010
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