This is what Davidson spending plans could cost you...

As mentioned in the previous post, Davidson Commissioners will consider on Tuesday moving forward on a possible November GO bond vote for public facilities.  The numbers are big.  $16.335 million to be exact.

However, the tax rate implications to fund this project are less specific.  Since GO bonds are paid using property taxes, binds almost always equal property tax increases.  Those tax rate increases will depend largely on how valuable your house is now, how much it will be valued after the 2019 revaluation, and how much of that increase Davidson Town Hall decides to "".

Davidson already has by far the highest property tax rate and solid waste fees of the North Mecklenburg towns.  The proposed public facilities bonds along with the bonds passed last November have the potential to raise taxes significantly.

The scenarios in the below chart show the combined effects of these bonds on Davidson's tax rate.  The smaller smaller $15.2 million used in scenarios 3-5 appears to be after there was some nibbling around the edges on reducing costs.  The second chart shows the property tax impact based on home values.