Wheaton-Warrenville, CUSD 200 sent a flyer last week about the upcoming referendum. This section on the financial impact reminds me of those ads with a “LOW introductory price.” Is that false advertising? Do taxpayers deserve to know the whole tax impact?
Notice: your “share” is more than 2% of your home’s value.
Update 3/23/2017 – Found the district’s detailed estimate. Download estimated impact as PDF. For the median valued home ($322,300) the last ten years of payments are estimated to by $531/year, and the total estimate is $7282
- From a presentation that is attached to the Dec 2016 Board agenda cusd200.org/cms/lib7/ …pdf page 5, the total debt services (principle + interest) is $206 million.
- The first year payment is $5 million (page 3, same pdf)
- Each homeowners share is estimated as
total _share = First_year_impact x (206/ 5)
Then take a look at this post: “Analysis: Property taxes rapidly eroding DuPage home values” dupagepolicyjournal.com/…
DUPAGE COUNTY MEDIAN HOME PRICES
Are high taxes taking their toll on property values? Will passing this referendum increase or decrease the values of our homes?