April 20, 2018

Letters to the Editor

Read the “Resolutions of the Ranger College…Proposed Tax Rate…” carefully.   

“…a future rate increase in taxes of more than 2.99 % will require /a public hearing and any increase more than 7.99% would be subject to a ….vote.”

“….after the initial rate of $.11/$100 valuation is adopted,  without…..a roll back election, it would require 20 years to reach the level of $.50 allowed by the state. “

A tax rate of $.11 /$100 would add $110 per year for a home valuation of $100,000.

A tax rate of $.50/$100 would add $500 per year for a home valuation of $100,000.

Without voter approval, if the rate was increased 7.98% per year, in 8 years the tax rate would almost double to approximately $.20/$100   (or $220 for $100,000 home in above example).     As stated in the “Resolutions”, in 20 years the rate could reach $.50/$100 with voter approval.  Read the small print if you want to know the full implications.   

Thank you,

Pat J Jones

Be the first to comment

Leave a Reply

Your email address will not be published.