Whys and Wherefores of a Fixed-Cost Bond

Cost of Fixed-Cost Bond to Clinton Tax Payers: The figures below are based on information obtained from the Town of Clinton Board of Assessors in January 31, 2007. The chart shows the annual projected tax increase on an average single-family home in Clinton valued at $258, 000. The figures are based on a bond interest rate of 5%.

AVERAGE ANNUAL TAX INCREASE per HOUSEHOLD

BOND	10 YEARS	20 YEARS	30 YEARS
$2.5 million	$59.34	$36.12	$28.38
$2.0 million	$46.44	$28.38	$20.64
$1.5 million	$36.12	$20.64	$18.06

Residential Development Will Increase the Cost of Community Services

What Is The Real Cost To You?

Clinton’s Recent Growth