By Jean Wilcox, DuPont
I am not sure who did the math for those that oppose Proposition 1; but they have miscalculated this equation! There is NO WAY that our taxes will increase by 84%.
Let me use our home as an example for this math project. Our new assessed value of our home in DuPont is $251,900.00 and we presently pay $2,881.42 each year in taxes. If we are going to be assessed an additional $.975 per thousand if Proposition 1 passes, then our additional tax will be $245.60 - multiply our $251,900 by .975 and you get the $245.60! The total tax next year equals $3,127.02!
If indeed our taxes would increase by 84% like the opposition to Proposition 1 want us to believe – we would be paying an additional $2,420.39 — bringing our total yearly tax to $5,301.81! How absurd would that be.
Let me explain how to do the percentage math to this equation. Divide the additional tax that we will be assessed ($245.60) by our new tax amount ($3,127.02) and you arrive at the answer — 7.85%.
I, for one, think that an additional $245.60 per year in taxes is reasonable to keep DuPont a wonderful place to live, work and play!