[Vision2020] Property Taxes

Tom Hansen thansen at moscow.com
Wed Jul 10 08:38:42 PDT 2019

Courtesy of the City of Moscow Bond Election Information Brochure (Bond Election - May 21, 2019) at:



Cost Estimates

Cost estimates for each phase of the project are outlined below and include the necessary bond financing cost. The total figure noted here is rounded to $9.64 million for simplicity throughout the information prepared by the City of Moscow.


Tax Imoacts

The cost for this project (including associated bond fees) totals $9,640,000. As a result of the City’s excellent financial standing and AA- bond rating, the projected interest rate the City would receive for a 10-year bond is 2.21%.

The proposed 10-year bond would have an annual cost to the taxpayer of $85 per year per $100,000 of taxable valuation.

For example, a home with an assessed valuation of $250,000, with a $150,000 taxable value after deducting the $100,000 Idaho State homeowner’s exemption, would see an annual property tax increase of $126.86 per year over the ten-year bond period. The chart below outlines the tax impact for a variety of home values. It is important to note that Latah County Assessor sets the taxable value; it is not affected by the sale or purchase price of a home.

The City has held voter-approved bonds in the past, most recently for the construction of the Hamilton-Lowe Aquatic Center and Fire Station #3.
These bonds have all been paid in full on or before maturity, and at this time the City has no outstanding general obligation bonds.

The City Council chose a 10-year term as it provides an interest savings of more than $2,200,000 to the taxpayers when compared to a 20-year term. The options of 15- and 20-year bond terms were also considered, but given the higher interest rate and longer term, there would be an additional $1 to $2.6 million in interest paid. As such, the City has chosen a 10-year term to ensure the proposed project wraps up as quickly as possible, making the most of bond dollars specific to this project without generating unnecessary additional interest costs.


Seeya 'round town, Moscow, because . . .

"Moscow Cares" (the most fun you can have with your pants on)
Tom Hansen
Moscow, Idaho

On Jul 10, 2019, at 7:57 AM, "rhayes at frontier.com" <rhayes at frontier.com> wrote:

> Daily News yesterday reported that property taxes will go up 25% next year mainly due to the police station bond. I do not think that is what the city said was going to happen when they were hyping the bond vote. Am I correct in this? 
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