This will provide an estimate of the change in your property tax payments based upon your home's value. It starts with the average home value in Montclair, , but you can enter your own value.
Note that this does not (yet) account for any of the savings expected to result from this much-needed and long-delayed investment (eg. reduced energy costs, reduced maintenance costs, etc.).
Because there is a limit to the amount of work we can schedule, fitting work in with the academic year, the bond sale will not occur all at once. There is a estimated schedule of tranche sales over the lifetime of the project, and this uses that schedule to determine the amounts needed for repayment.
As can be seen by the table and the chart, the amount goes up as bond sales occur over the years, and then goes down as earlier tranches are paid off.
For a home assessed at (), the expected change in property taxes for each year are as follows: