New bond levy would overlap current levy, but rates will be 6 cents lower
April 27, 2016
If voters approve a bond request for the Sweet Home Fire and Ambulance District, the property taxes that pay for its existing bond will overlap with the the property taxes that will pay for the new bond; but the combined tax rates will be lower than they were this year.
The overlap will occur in November, said Fire Chief Dave Barringer. The district estimates the tax will be less than 30 cents, including 5 cents per $1,000 for an interest only payment in fiscal year 2016-17 on the new bond plus 25 cents or less per $1,000 on the current bond.
The district is paying less on the current bon...