Question 1
Renewal
Continues a tax you pay now
- Who asks
- Olmsted Township
- Rate
- 4 mills
- For each $100,000 of value
- $140 a year (printed on the ballot)
- How long
- 5 years
- Pays for
- Day-to-day running costs (current expenses)
- Raises a year (estimate)
- $1,189,000
For your $150,000 home
$210.00 a year
$17.50 a month
$150,000 ÷ $100,000 × $140.00 = $210.00
Lit: 4 of every 1,000 taxable dollars.
- A renewal keeps a tax that is already on the bill for another term. If it passes, the bill does not go up because of it; if it fails, that tax ends when its current term runs out.
- Check: 4 mills x $35 = $140 for each $100,000, which matches the ballot.
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