The tax increase |

The tax increase


If Parkites pass a $15 million bond on Election Day to improve pedestrian and bicycling routes, property taxes would increase.

Someone owning a primary residence valued at $665,000, estimated to be the average home value, would pay another $111.72 annually. The charge would be about $16.80 per $100,000 of assessed value.

Someone with a vacation home or commercial property valued at $665,000 would pay another $203.13 each year. The charge would be about $30.55 per $100,000 of assessed value.

The bond payments would not exceed 15 years.

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