I noticed that on my property tax bill that just came out this month that the amount I am paying for the Agua Fria bond went up by a few dollars. Why did this happen, and will my rate increase if the District Bond measure is successful?
The tax rate for the bonds did not change from last year to this year. It is steady at $.76 per $100 of net limited assessed valuation. The Agua Fria District has committed to structuring new bonds from a successful passage of the November 2023 bond measure so that this rate will not increase and will slightly decrease. Any slight increase in the total amount paid to the bond is due to an increase in limited taxable property value. Fortunately, due to the passage of proposition 117 the maximum amount that the limited value can increase in any year is only 5%.