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What a proposed funding measure could cost Wood Village homeowners: staff gives estimates
Summary
City staff provided preliminary examples: a possible levy of roughly $1.30–$1.40 per $1,000 of assessed value could translate to about $25 per month for a typical house; properties under an exemption threshold (reported between $80,000 and $100,000) would not pay.
Staff reviewed how property-tax levies work and gave example numbers to show homeowner impact if voters approve funding for additional stations and services. The presentation specified a hypothetical rate range of about $1.30 to $1.40 per $1,000 of assessed value and used a $200,000 example to estimate an annual payment equivalent to roughly $200–$300 (presenter estimated about $25 per month for the typical property). "Dicen que para el costo promedio... sería algo así como 25 dólares al mes," the presenter said.
Officials also described historical constraints from local ballot measures (referred to during the session as Measure 5 and Measure 50), noting that those past limits have suppressed growth in property-tax revenue. Staff cited an estimated current gap in revenue of roughly $1,000,000 to $1,400,000 that the cities are studying how to address.
