Building Project

 

 

REGIONAL DISTRICT#10

SERVING THE TOWNS OF BURLINGTON AND HARWINTON 

 

PROPOSED PROJECT COSTS TO TAXPAYERS             @            $22,400,000

 

 

                                    Property            Property

Burlington                     Value               Assessment                 Estimated Annual Tax Impact**

 

                                    150,000            105,000                      $184

                                    250,000            175,000                      $305

                                    350,000            245,000                      $428

 

                                    Property            Property

Harwinton                    Value               Assessment                 Estimated Annual Tax Impact**

 

                                    150,000            105,000                      $180

                                    250,000            175,000                      $300

                                    350,000            245,000                      $419

 

The tax burden from Region 10 is shared based on the number of students enrolled from each town.  Bonds are issued for only the townâs portion of the project for a 20-year period.  Actual

Bond rates are based on interest rates at the time of borrowing.  Property taxes are affected by the grand list, population growth, and the budgets of the towns.

 

THE ACTUAL TAX IMPACT WILL NOT BE DETERMINED UNTIL EARLY FALL.  THESE FIGURES ARE ONLY ESTIMATES.

 

8/26/03

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