The current 10-year bond that was passed in November 2005 expires in June 2016. That bond was for $2 million and its rate is $1.01 per $1,000 of assessed property value.
|November 2005 - 10 year bond passed
|May 17, 2016 - New Bond
If the new bond passes in May, the rate will be $1.45 per $1,000 of assessed property value and the length of the bond is 10 years. This is an increase of $0.44 cents.
Example: for a $150,000 home, a taxpayer would pay $18.13 per month under the proposed new bond.
Regional Rate Comparison
Even at this rate, the Athena-Weston school bond will continue to be one of the lowest rates of current school district bonds in eastern Oregon.
2016 Levy Rates in Our Region (in dollars per thousand)