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What would a $20 Million Open Space Bond Cost YOU?
The amount your taxes would increase if a $20 million open space bond is authorized (and then issued and spent) depends on the assessed value of your home.
As a general rule, the increase in real estate taxes to service a $20 million bond – at current rates – would be an increase of 1.61% of your total real estate tax bill.
The average assessed value of a home in Radnor is approximately $280,000. For that home, the increase in taxes would be $112.37 a year, or less than $10 a month.
Below is a chart containing different assessed values and how much each household would pay annually to service a $20 million open space bond.
Annual Property Tax Cost of $20 Million Bond
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Assessed Value of Home
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Annual Cost to Homeowner to service $20 Million Bond
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100,000
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$40.13
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200,000
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80.26
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280,000
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112.37
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300,000
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120.39
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400,000
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160.52
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500,000
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200.65
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750,000
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300.98
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1,000,000
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401.31
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