How much will Measure RR cost? Will RR raise my property tax rate?
Measure RR is structured so that it WON’T increase the tax rate that LAUSD property owners are paying at the time of the election to support neighborhood schools. Instead, RR will extend the repayment period for all LAUSD bonds WITHOUT increasing the tax rate. The average RR tax rate over the life of the bond is projected to be 2.174 cents per $100 of assessed value while bonds are outstanding (projected to be approximately 34 years). (Assessed value should not be confused with market value. The assessed value of property may be much lower than its market value.) Measure RR will extend the current property tax rate by only five more years, to 2054-55!
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