Some of our bloggers have asked how to compute the property tax impact on them of the Naranja Town Site boondoggle. The way the town presents it--well, you would wonder what all the fuss is about. What's 48 cents per hundred. Sounds small.
WRONG.
And just another example of how the town is bamboozling us on this deal.
Your property tax will go up at least 5%...probably 10% on just this one item.
Check out the numbers.
Big bucks? You bet. Especially for a luxury. Especially in hard times. Especially for something most of us will never use.
And this is a permanent increase in your property tax. If the bond for this deal last 25 years, the cost to you, of this park, is 25 times the annual property tax cost shown above.
Ouch.
For a Park.
Are we nuts?
