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Letters to the Editor

Letter: Some bond math

  • Author: Daniel Page
    | Opinion
  • Updated: March 20
  • Published March 20

After reading the ballot review that I received in the mail, I am concerned with the number of bond propositions. I hope that all voters will do some math before voting. There are seven bond propositions on the ballot. It does not look too bad when you see that, for example, Proposition 5 will only cost us $1 for property assessed at $100,000. How many Anchorage properties are only worth $100,000? Most are assessed in the $400,000 range. That means we need to multiply by four. The total of the seven bond propositions is $114 million. Propositions 1 and 4 alone total $92 million. If all bonds are approved, we add $112.52 to the tax on that $400,000 property.

Most homeowners do not pay their property tax directly, paying it as a hidden part of their monthly mortgage payment. If these bonds are approved, you will see an increase in your mortgage. Renters will see their rent go up to cover this added tax.

I wish the municipality and school district would do a better job of showing the value of bonds that were retired this year. I will support new bonds that replace retired bonds, but nothing new.

— Daniel Page

Eagle River

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