If approved, the proposed $458 million bond measure is projected to increase temporarily the bond tax rate by $0.09 per $1,000 of assessed property value for three years.
When combined with the existing bonds, the bond rate is projected to be $1.52 per $1,000 of assessed value for tax collection years 2018–2020 and then drop to $1.35 per $1,000 assessed value starting in 2021.
For the owner of a median-priced $225,000 home, the change in the VPS bond tax rate is about $20 per year for three years.
The three-year operations levy, approved by voters in 2016, will cost $2.68 per $1,000 of assessed property value in 2018. The technology levy, approved by voters in 2013, will cost $0.23 per $1,000 of assessed property value in 2018. With approval of the bond, combined local school tax rates would be $4.43.