Polk County taxpayers will get a small break on the cost of new fire equipment after a fire district sold bonds for less than what they anticipated in the May elections.
In May, voters approved the sale of bonds in the amount of $1.9 million for the purchase of new fire equipment for Polk County Fire District No. 1.
With the passage of the bond measure, voters agreed to a tax rate over the next 20 years that is equal to 15 cents per thousand dollars of assessed value.
Instead, the fire district sold the bond July 30 for 14 cents per thousand, meaning taxpayers will pay a penny less per thousand dollars of assessed value, according to the fire district.
Under the original rate, taxes would have increased by $22.50 per year on a $150,000 home. The new rate will mean taxes will go up $21.00 per year on a $150,000 home.
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