How much will the 2005 Bond proposal cost a homeowner?
The cost to individual homeowners will vary depending upon the taxable value of the property. The sample below gives the estimated cost per month a homeowner may have to pay for the 2005 Bond proposal. As an example of the 2005 Bond proposal: A home in South Redford with a market value of $100,000 and a taxable value of $50,000 would cost the homeowner about $10.00 per month. If you have owned your home for several years the taxable value may be less than 50% of the market value of your home, therefore, you should refer to your personal tax bill for further information.