Bond Tax Comparison






Total Assessed Property Value (AV) for 2013-14:





Your Current Assessed Value:










Bond Type

Current Interest (CIB) Capital Appreciation (CAB)
Bond Amounts (face value) being compared:
Interest Rate (%), see [%] for details
Rate Premium (due to interest deferral) ---
4.00
Life of Bond (years)
First year of taxation 1
District Total Tax Collected for life of bond

Repayment Multiplier (Total Tax / Bond Amount) [#]
Total Tax (Total Debt Service)
21,750,000.00
58,000,000.00
Bond holder Interest Portion of these Taxes
7,250,000.00
43,500,000.00
Comparable["] Interest Rate (%)
2.00
10.50
Portion of Total tax by 2013-14 AV

Per $100,000 assessed value
643.02
2,284.87
Person A: $500,000 assessed home value
3,215.11
11,424.35
Person B: $1,500,000 assessed home value
9,645.32
34,273.04
Tax liability for Person B - tax liability for Person A
6,430.21
22,848.69
For your current assessed value, as stated above
7,523.35
26,732.97
Average annual debt service rate
All years
Years 1-13
Years 14-30
Per $100,000 assessed value
25.72
$0.00
0
Person A: $500,000 assessed home value
128.60
$0.00
0
Person B: $1,500,000 assessed home value
385.81
$0.00
0
For your current assessed value, as stated above
300.93
$0.00
0


[%] Use 'Yield To Maturity' for a CIB (level debt service) and weighted average 'Accretion Rate' for a CAB (assumes level principal reduction).


["] CIB rate that results in equivalent debt service for same maturity. This combines the CAB effects of compounding interest and the yield premium.

[#] If CAB designed to level a combined debt service of new and existing bonds, override repayment multiplier with value from your bond consultant.



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