The estimated cost of Proposition F for the average homeowner will depend on the financing option selected.

 

Based on a 20-year financing plan, here are the projected average annual debt service amounts at the estimated interest rates, which will be based on current interest rates when the bonds are issued:

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At 5.00%: This interest rate translates to an average annual WCFPD debt service of approximately $882,668.

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​Under the proposed financing, the annual debt service would be approximately $0.31 per $100 of assessed home market value.

 

Here’s how that breaks down for different home values:

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​For a home valued at $200,000: Approximately $9.82 per month

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For a home valued at $250,000: Approximately $12.27 per month

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For a home valued at $300,000: Approximately $14.73 per month

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This means that homeowners will have a predictable annual cost based on their property value, allowing them to understand their contribution toward the improvements funded by Proposition F.