HomeMy WebLinkAboutTax Impact for City of Rexburg 14.995M GO BondCity of Rexburg
Tax Impact of Proposed Bonds
1/21/2026
Summary of Proposed Bonds Option 1 Option 2 Option 3
Project Proceeds $14,995,000 $14,995,000 $14,995,000
Indicative Rating Aa3 Aa3 Aa3
Term (Years)15 20 25
Call Date 3/1/2037 3/1/2037 3/1/2037
Interest Rates (as of 01/20/2026)3.22%3.75%4.15%
Project Proceeds $14,995,000 $14,995,000 $14,995,000
Estimated Interest Cost $4,309,500 $6,799,300 $9,640,625
Total $19,304,500 $21,794,300 $24,635,625
Average Annual Payment $1,378,893 $1,147,068 $1,026,484
Tax Impact of the Proposed Bonds
Taxable Market Value (includes URA)
Proposed Annual Bond Levy $1,378,893 $1,147,068 $1,026,484
Tax Impact (Per $100,000 of Taxable Value)53.48 44.49 39.81
Tax Impact of Increase on Average Home
Zillow Home Value Index for City of Rexburg(1) 404,811$ 404,811$ 404,811$
Less Homeowner's Exemption (2)125,000$ 125,000$ 125,000$
Net Taxable Home Value 279,811$ 279,811$ 279,811$
Net Bond Tax 53.48$ 44.49$ 39.81$
Annual Tax Impact on Average Home 149.65$ 124.49$ 111.40$
Monthly Cost 12.47$ 10.37$ 9.28$
Notes:
(2) Homeowner's exemption is 50% of the value including one acre of land up to a maximum of $125,000.
$2,578,208,223
(1) Zillow Home Value Index (ZHVI) as of January 2026. The ZHIV is a smoothed, seasonally adjusted measure of the typical home value and market
changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range or middle price tier of homes.