What will this cost me?
Probably less than you think.
What Every Voter Needs to Know
The proposal asks homeowners to pay an additional $2 per $1,000 of taxable value (2 “mills”). See the chart below for examples.
| Home value (or more) |
Taxable value | Annual cost |
|---|---|---|
| $150,000 | $75,000 | $150 |
| $200,000 | $100,000 | $200 |
| $250,000 | $125,000 | $250 |
| $300,000 | $150,000 | $300 |
In fact, half of AAPS taxpayers will see their tax bill increase by less than $205 under this proposal; one fifth of all households will pay less than $140 a year. Once you take into account the state property tax credit, and deductions on your federal tax return, 40% of AAPS homeowners will end up paying under $100 a year, depending on their circumstances. Renters do not pay this tax directly at all.