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What Will I Pay if School Bond Issue Passes?

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The increase in ad valorem taxes will be based on what taxpayers currently pay if the school bond issue passes.  The graphic shows examples of current taxes and the yearly and monthly tax increase for the first year.  For example, a taxpayer who pays $500 per year in ad valorem taxes will have an annual increase of $191.12, or $15.93 per month.  The increase will be in effect for 18 years at which time the bonds are paid off.  After the tax increase goes into effect, taxpayers will pay a similar tax amount from year to year if the tax base for the Geary School district remains the same.  There is no built-in tax increase from year to year.