HomeMy WebLinkAboutPg 2 - Utility NewslettersTo pay the cost of construction of a
police station facility, together with
related improvements and costs.
Areas of focus include:
Enhancing staff safety
Providing modern equipment
Heightening security
Offering spaces for victims and
the public
AUGUST 2025
Page 2
BOND DISCLOSURE: The interest rate anticipated on the proposed
bond issue, based upon current market rates, is three and ninety-two
hundredths percent (3.92%) per annum. The total amount estimated
to be repaid over the life of the bonds, based on the anticipated
interest rate, is $22,589,638, consisting of $16,750,000 in principal
and $5,839,638 of interest. The term of the bonds will not exceed
fifteen (15) years from the date of issuance.
The estimated average annual cost to the taxpayer on the proposed
bond levy is a tax of $61.51 per $100,000 of taxable assessed
value, per year, based on current conditions.
As of November 4, 2025, the water system will have debt in the
amount of $6,746,137 that is paid solely by water utility revenues and
not by property taxes. The City currently has no other general
obligation debt.
REXBURG SEEKS A POLICE STATION BOND
PURPOSE OF THE BOND
SEE THE FULL NEWSLETTER!
Scan this QR code with
the camera on your mobile
device to see the full
newsletter, or find it under
the “News” section of
rexburg.org’s home page.
Rexburg.org/News
REXBURG ROUNDUP
For a property with taxable property
value of $400,000:
With Homeowners Exemption*
$400,000 - $125,000 =
$275,000 taxable assessed value
($275,000 ÷ $100,000) x
$61.51 = $169.15 Annually
$14.10 Monthly
Without Homeowners Exemption
($400,000 ÷ $100,000) ×
$61.51 = $246.04 Annually
$20.50 Monthly
*Note: the homeowner's exemption
is 50% of your home's value up to a
maximum of $125,000.
Check your estimated bond property
tax calculation at the link below
rexburg.org/o/cor/page/bond-tax-calculator
ESTIMATED BOND PROPERTY
TAX CALCULATION EXAMPLE
TAX CALCULATOR
UPCOMING BOND EVENTS:
8/11: Station Open House, 4-6 pm
8/20: Bond Ordinance 3 Readingrd
8/29: Ballot Language Due
Sept.: Property Owner Direct Mailer
Oct.: Town Hall Q&A
rexburg.org/page/rpd-station-bond
STAY INFORMED
We invite residents to stay engaged throughout this process. Input helps ensure the
project reflects our shared priorities of safety, efficiency, and community values.