TOWN HALL
BOND
RESOLUTION FOR PURCHASE, RENOVATION AND ASSOCIATED MOVING
COST AT $7,900,000
Tax extimate
for an average home worth approximately $300,000 assessed for $12,000
Increase in yearly taxes for Town Wide
residents (incorporated area)
$13.02
(amount represents estimated first year
debt at 4.5%)
IMPACT DUE LOST TAX
REVENUE FROM 177 HILLSIDE AVENUE
Increase in yearly taxes for Fairview
Fire District residents due to lossed assessables
$3.40
Increase in yearly taxes for the
Greenburgh Central 7 School District residents
$8.11
Increase in yearly taxes to all Town
Outside residents (unincorporated area)
$1.13
Increase in yearly Town & County
taxes to all Town Wide residents (incorporated area)
$0.52
$0.52
TOTAL INCREASE TO
RESIDENTS WITHIN THE DISTRICTS OF ASSESSMENT LOSS
$13.16
GRAND TOTAL INCREASE AS A
RESULT OF TOWN HALL ACQUISITION (FIRST YEAR)
$13.54
Tax extimate
for an average home worth approximately $375,000 assessed for $15,000
Increase in yearly taxes for Town Wide
residents (incorporated area)
$16.27
(amount represents estimated first year
debt at 4.5%)
IMPACT DUE LOST TAX
REVENUE FROM 177 HILLSIDE AVENUE
Increase in yearly taxes for Fairview
Fire District residents due to lossed assessables
$4.26
Increase in yearly taxes for the
Greenburgh Central 7 School District residents
$10.13
Increase in yearly taxes to all Town
Outside residents (unincorporated area)
$1.42
Increase in yearly Town & County
taxes to all Town Wide residents (incorporated area)
$0.65
$0.65
TOTAL INCREASE TO
RESIDENTS WITHIN THE DISTRICTS OF ASSESSMENT LOSS
$16.46
GRAND TOTAL INCREASE AS A
RESULT OF TOWN HALL ACQUISITION (FIRST YEAR)
$16.92
$2.5555
$30.67
$2.0594
$24.71
$2.5555
$38.33
$2.0594
$30.89